British equities recover from Friday's selloff as banks rally
I'm PortAI, I can summarize articles.
British equities rebounded on Monday, with the FTSE 100 rising 0.5% and the FTSE 250 up 0.6%, following a selloff on Friday. Bank shares surged 2.1% after the UK Supreme Court's ruling eased concerns over motor finance commissions. Lloyds Banking Group saw a 7.4% increase, while BP rose 1.3% after a significant oil discovery in Brazil. The Bank of England is expected to cut interest rates later this week, despite rising inflation. Conversely, Convatec Group fell nearly 2% due to CEO medical leave, and Auction Technology Group plunged 19.6% after profit margin forecast cuts.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments