Glance-FTSE flat as bank strength offset by miner retreat
London South East Tuesday 15th February, 2011
trong results from Barclays lifted banks and energy stocks gained on rising crude prices, offsetting weaker miners, which were hit as copper retreated. Barclays was the stand-out gainer, up 2.1 percent after the bank reported a forecast-beating 32 percent rise in annual earnings on Tuesday. This helped lift other banks, with majority state-owned Lloyds Banking Group gaining 2.1 percent, but weaker miners kept the index flat. By 0900 GMT, the FTSE 100 was 1.94 points or 0.03 percent higher at 6,062.03 after it fell 0.1 percent lower on Monday. It has been trading in a fairly tight range since the start of February. 'Volumes are pretty light and traders are being selective about what they get involved in,' said Manoj Ladwa senior trader at ETX Capital. 'We'll see more confidence until we get...
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