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Bank shares lift FTSE 100 in noon trade Bank shares lift FTSE 100 in noon trade
(about 1 hour later)
(Noon): Banks Barclays, Royal Bank of Scotland, HSBC and Lloyds were four of the five best risers, seeing gains of up to 2%.(Noon): Banks Barclays, Royal Bank of Scotland, HSBC and Lloyds were four of the five best risers, seeing gains of up to 2%.
British designer Burberry remained a major faller on the FTSE 100 at noond down. British designer Burberry remained a major faller on the FTSE 100.
Burberry was more than 2% lower following a note from analysts at Goldman Sachs about the company's subdued outlook.Burberry was more than 2% lower following a note from analysts at Goldman Sachs about the company's subdued outlook.
The FTSE 100 was down 20 points, or 0.2%, at 6,839.49 points.The FTSE 100 was down 20 points, or 0.2%, at 6,839.49 points.
On the FTSE 250, pub chain JD Wetherspoon was 4.5% higher after posting record full-year profits and bullish comments about the UK's prospects post-Brexit by chairman Tim Martin.On the FTSE 250, pub chain JD Wetherspoon was 4.5% higher after posting record full-year profits and bullish comments about the UK's prospects post-Brexit by chairman Tim Martin.
Rival pub group Greene King was down 4.5%, though, after saying the referendum vote had led to "a softening of some economic indicators and a reduction in consumer confidence".Rival pub group Greene King was down 4.5%, though, after saying the referendum vote had led to "a softening of some economic indicators and a reduction in consumer confidence".
Trade figures showing the UK's deficit with the rest of the world narrowed slightly.Trade figures showing the UK's deficit with the rest of the world narrowed slightly.
However, since then the pound has gone from flat to be up 0.2% against the dollar at $1.3318. Against the euro, it was little changed at €1.1814.However, since then the pound has gone from flat to be up 0.2% against the dollar at $1.3318. Against the euro, it was little changed at €1.1814.