RBS was higher after leading investors urged Chancellor George Osborne not to go ahead with a 'good bank-bad bank' split of the part-nationalised lender. Meanwhile, reports that the initial public offering of its US subsidiary Citizens Financial could come sooner than expected also gave the stock a boost. [25 Oct '13]
Life insurance and giant Prudential was a high riser on Friday after Asian peer AIA reported record quarterly results with new business up 26 per cent. "The insurance sector was also helped by reports that an EU capital requirement could be eased compared to the initial version sought by regulators," said Financial Sales Trader Max Cohen from Spreadex. [18 Oct '13]
Pay-TV provider British Sky Broadcasting (BskyB) is facing the rising cost of content as competition for viewers heats up. This can be seen in the eight per cent fall in operating profits for the quarter ended in September to 285m pounds. [18 Oct '13]
UK stocks erased losses on Thursday afternoon, finishing in positive territory for the sixth straight session, though the market gave a rather lacklustre reaction to the last-minute US deal to avert a debt default. [17 Oct '13]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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