FTSE makes tentative gains
on 17/08/2012 09:16:52
Embattled Barclays gained another 2%, while Lloyds Banking Group and Royal Bank of Scotland were also in positive territory.
The wider Footsie added 15.6 points to 5850.1 in thin trading volumes, helped by an overnight increase on America's Dow Jones Industrial Average after encouraging earnings from networking giant Cisco Systems and a positive US housing report.
Sentiment is also being helped by German chancellor Angela Merkel's pledge while on a visit to Canada that Germany will do everything it can to save the euro.
In London, Barclays was near the top of the risers board with a 4.6p gain to 190.8p despite being one of three British banks summoned for questioning in the US, along with four other banks worldwide.
Royal Bank of Scotland and HSBC - also issued with subpoenas - were up 3.4p to 230.7p and 1.8p to 566.6p respectively.
But South West Water parent Pennon was one of the biggest losers, down 10.5p to 739p, after warning its Viridor waste arm was seeing a plunge in first half trading due to sharply lower recycling prices.