		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ftse-up-despite-banking-concerns.jpg"><img class="alignnone size-full" title="The FTSE 100 index closed 47.6 points higher at 5943.9" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ftse-up-despite-banking-concerns.jpg" alt="The FTSE 100 index closed 47.6 points higher at 5943.9"/></a></p>
<p>London&#8217;s FTSE 100 Index has shrugged off concerns in the banking sector as a buoyant session on Wall Street helped blue chips make gains.</p>
<p>Lloyds Banking Group and Royal Bank of Scotland were among the heaviest fallers on the Footsie after a speech by the chairman of the Independent Commission on Banking (ICB) sparked fears over plans to overhaul the industry.</p>
<p>But the wider FTSE 100 closed 0.8% or 47.6 points higher at 5943.9, mirroring early session gains on US markets.</p>
<p>The Dow Jones Industrial Average rose 0.8%, boosted by technology stocks as Intel revealed plans to increase its dividend.</p>
<p>McDonald&#8217;s released figures revealing a 2% rise in fourth quarter net income &#8211; in line with market expectations, but growth had slowed on the previous three months as major markets were hit by poor weather.</p>
<p>The pound fell back against most major currencies as traders took profits off the table after last week&#8217;s surge on interest rate hike speculation. Sterling fell to 1.17 euros, although it held firm at 1.60 US dollars.</p>
<p>Lloyds suffered the biggest loss on the Footsie in a poor session for banks following a speech by ICB chairman Sir John Vickers.</p>
<p>He appeared to rule out a full-scale break-up of the banks, but mulled plans to ring-fence their retail operations from investment banking and said important institutions should be required to hold more core capital than in the current regime.</p>
<p>Lloyds closed more than 3% lower or 2.3p to 65.1p, while Royal Bank of Scotland dropped 0.9p to 44.1p and Barclays fell 0.4p to 300.5p.</p>
<p>The latest political turmoil in Ireland, where the coalition government is on the brink of collapse, added to fears over the sector&#8217;s exposure to the country and the eurozone debt woes in general.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e14c5e7739e">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e14c5e7739e',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
