Heavyweight banks push FTSE 100 higher after BoE scraps dividend curbs | Malay Mail

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LONDON, July 13 — London’s FTSE 100 rose today as heavyweight banks jumped after the Bank of England scrapped dividend curbs, but worries about rising coronavirus infections capped gains. Banks added 2 per cent, the most among all sectors, after the central bank scrapped pandemic-era curbs on...

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LONDON, July 13 — London’s FTSE 100 rose today as heavyweight banks jumped after the Bank of England scrapped dividend curbs, but worries about rising coronavirus infections capped gains.

The blue-chip FTSE 100 index rose 0.3 per cent, with HSBC, Barclays and Natwest Group being the top boosts, gaining between 0.5 per cent and 1.4 per cent. Base metal and precious metal miners, and energy stocks, tracked gains in commodity prices. Rio Tinto, Anglo American, BHP Group, and Royal Dutch Shell were among the highest gainers on the FTSE 100.

British retailers climbed 0.5 per cent after they reported a record annual increase in sales for the three months to the end of June.

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