This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34708186

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
Standard Chartered weighs on FTSE 100 Standard Chartered holds back gains on FTSE 100
(about 4 hours later)
(Noon): Standard Chartered was the biggest faller on the market, dropping 8.7% after the Asia-focused bank announced plans for a big rights issue. (Close): Standard Chartered was the biggest faller on the market, dropping 8.7% after the Asia-focused bank announced plans for a big rights issue.
The bank said it aimed to raise $5.1bn through the rights issue and would cut 15,000 jobs by 2018.The bank said it aimed to raise $5.1bn through the rights issue and would cut 15,000 jobs by 2018.
The news came as Standard Chartered announced a third-quarter pre-tax loss of $139m for the three months to September.The news came as Standard Chartered announced a third-quarter pre-tax loss of $139m for the three months to September.
The FTSE 100 index was 4.54 points lower at 6,357.26. After falling for much of the day, the FTSE 100 index closed higher.
It rose by 0.34%, or 21.81 points, to 6,383.61, boosted by oil firms and miners, helped by a rise in the price of crude oil.
Shares in housebuilders fell after broker Liberum cut its ratings on a number of companies in the sector arguing valuations were "too optimistic".Shares in housebuilders fell after broker Liberum cut its ratings on a number of companies in the sector arguing valuations were "too optimistic".
Taylor Wimpey fell 4%, Barratt Developments dropped 3.85% and Persimmon was 2.6% lower. Taylor Wimpey fell 5%, Barratt Developments dropped 3.85% and Persimmon was 2.4% lower.
Shares in Associated British Foods were down 0.7% after the company reported a fall in full-year profits. It said the negative impact of currency moves and falling sugar prices had offset continued growth in its Primark clothing chain. On the currency markets, the pound fell 0.11% against the dollar to $1.540 but rose 0.55% against the euro to €1.4074.
On the currency markets, the pound fell 0.2% against the dollar to $1.5389 but rose 0.3% against the euro to €1.4035.