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Banking shares lead FTSE 100 higher Banking shares lead FTSE 100 higher
(about 4 hours later)
(Open): London's leading shares edged higher in early Monday trading, with banks among the top gainers. (Noon): London's leading shares edged higher in Monday morning trading, with banks among the top gainers.
In the opening minutes, the benchmark FTSE 100 index went up 20.57 points, or 0.32%, to 6,548.48. By lunchtime, the benchmark FTSE 100 index was up 28.57 points, or 0.44%, at 6,556.48.
Barclays was the star performer on the index, rising 1.5%, while HSBC added 1.2% and Royal Bank of Scotland made gains of 1%. Barclays was the star performer on the index, rising 2.4%, while HSBC added 0.6% and Royal Bank of Scotland made gains of 0.5%.
Mining stocks fared less well, with BHP Billiton falling 0.6% and Anglo American down 0.4%. Retailer Sports Direct International was the worst performer, falling 1.3% after a broker downgrade.
The pound lost ground against the euro, down 0.15% to 1.2743 euros. The pound lost ground against the euro, down 0.25% to 1.2730 euros.
However, it was little moved against the dollar, holding firm at $1.5972. However, it gained 0.06% against the dollar, rising to $1.5984.