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| FTSE 100 up on bank news and Japan move | |
| (7 months later) | |
| (Close): The London market was up 1.28%, buoyed by a rise in bank shares and news of a stimulus boost from the Bank of Japan (BOJ). | (Close): The London market was up 1.28%, buoyed by a rise in bank shares and news of a stimulus boost from the Bank of Japan (BOJ). |
| Overnight, the BOJ surprised markets by stepping up the rate at which it bought government bonds to 80 trillion yen ($716bn) a year. | Overnight, the BOJ surprised markets by stepping up the rate at which it bought government bonds to 80 trillion yen ($716bn) a year. |
| The news boosted global markets, and the FTSE 100 was up 82.92 points at 6,546.47 by its close. | The news boosted global markets, and the FTSE 100 was up 82.92 points at 6,546.47 by its close. |
| Bank shares were up across the board after proposals by the Bank of England for them to hold more money against the possibility of a future economic downturn were not as severe as feared. | Bank shares were up across the board after proposals by the Bank of England for them to hold more money against the possibility of a future economic downturn were not as severe as feared. |
| Barclays, which analysts had judged most at risk from the BoE announcement on leverage ratios, jumped 8.2% to close at 240.80p | Barclays, which analysts had judged most at risk from the BoE announcement on leverage ratios, jumped 8.2% to close at 240.80p |
| RBS shares closed at their highest level since July 2011. They were 6.2% up at 388p a share after the bank reported third-quarter profits of £1.27bn. | RBS shares closed at their highest level since July 2011. They were 6.2% up at 388p a share after the bank reported third-quarter profits of £1.27bn. |
| The profits beat analysts' expectations, although the bank also said it had set aside £400m to cover potential costs from an investigation into alleged manipulation of the foreign exchange market. | The profits beat analysts' expectations, although the bank also said it had set aside £400m to cover potential costs from an investigation into alleged manipulation of the foreign exchange market. |
| Another one of the biggest risers was British Airways owner IAG. It closed 4.74% up after it increased its guidance for annual operating profits. | Another one of the biggest risers was British Airways owner IAG. It closed 4.74% up after it increased its guidance for annual operating profits. |
| In the FTSE 250, shares in Superdry owner Supergroup fell 6.21% after the company cut its profit guidance following the recent spell of mild weather. | In the FTSE 250, shares in Superdry owner Supergroup fell 6.21% after the company cut its profit guidance following the recent spell of mild weather. |
| The warm weather in September and October has hit demand for winter clothing, and Supergroup now expects profits in the year to April to be £60m-£65m compared with analysts' forecasts of £70m. | The warm weather in September and October has hit demand for winter clothing, and Supergroup now expects profits in the year to April to be £60m-£65m compared with analysts' forecasts of £70m. |
| On the currency markets, the pound fell slightly against the dollar to $1.5999 and rose 0.56% against the euro to €1.2758. | On the currency markets, the pound fell slightly against the dollar to $1.5999 and rose 0.56% against the euro to €1.2758. |