A quiet start to trading sees the FTSE with slight gains
City Index May 1, 2012 3:28 PM
<p>As the Labour Day holiday descends on Europe, a quiet start to trading sees the FTSE with slight gains, currently 10 points higher at 5747 […]</p>
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- As the Labour Day holiday descends on Europe, a quiet start to trading sees the FTSE with slight gains, currently 10 points higher at 5747 after losing 39 points in yesterday’s session.
- With earnings season kicking off in the UK with full force this morning, profits at Lloyds Banking Group came back in positive territory in the first quarter despite more money being set-aside to cover the mis-selling of PPI. They are currently atop the FTSE, 1.5% up on the day.
- BP however are the biggest faller this morning after they reported a bigger-than-expected drop in profits with the stock currently 2.5% down.
- At 9.30am GMT this morning we have UK Manufacturing PMI and later this afternoon at 3pm GMT we have US Manufacturing PMI to keep an eye on.
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