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Version 1 Version 2
London Market Report London Market Report
(about 9 hours later)
(Noon): Banking shares prospered, but failed to keep the FTSE 100 out of the red in Wednesday morning trading. (Close): Banking shares prospered, but failed to keep the FTSE 100 out of the red in Tuesday's trading.
Barclays topped the list of gainers with a 4.1% rise. Its six-monthly profits fell 7%, but earnings rose in its personal and corporate banking arm, as well as its Barclaycard business. Barclays topped the list of gainers with a 4.2% rise. Its six-monthly profits fell 7%, but earnings rose in its personal and corporate banking arm, as well as its Barclaycard business.
Royal Bank of Scotland was another top gainer, adding 2%. Royal Bank of Scotland was another top gainer, adding 2.5%.
Overall, the FTSE index was down 2.4 points or 0.04% by lunchtime at 6,805.35. Overall, the FTSE index was down 0.5% by lunchtime at 6,805.35.
Mining stocks fared less well. Antofagasta topped the losers' list, falling 2.3% after posting a rise in copper output that was slightly ahead of forecasts. Mining stocks fared less well. Antofagasta topped the losers' list, falling 4.6% after posting a rise in copper output that was slightly ahead of forecasts.
On the currency markets, the pound was down 0.08% against the dollar at $1.6930, and down 0.01% against the euro at 1.2635 euros. On the currency markets, the pound was down 0.19% against the dollar at $1.6911, and down 0.08% against the euro at 1.2626 euros.