Rbs and Lloyds Gains Drive Footsie to 43-Point Rise ; Market Close

Summary

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THE taxpayer was sitting on an estimated Pounds 1.2 billion paper profit on its stake in Royal Bank of Scotland yesterday as the rally in the financial sector continued apace.

Part-nationalised RBS soared 10 per cent, or 4.75p to 53.45p, marking the first time the Government's stake closed above water since bailing the bank out in return for shares.

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Extract

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Rbs and Lloyds Gains Drive Footsie to 43-Point Rise ; Market Close

Lloyds also made further strong gains in another stellar session for financials, which...

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