Clydesdale on rise as Asia lifts market

Debbie Crosbie Clydesdale BankThur close: Shares in CYBG, the newly-formed company comprising Clydesdale and Yorkshire Banks, rose again following an encouraging debut yesterday.

Investors pushed the shares 3% higher to close at 198p against Wednesday’s 180p flotation price.

The FTSE 100 closed up 61.6 at 5,898.7 on speculation the US Federal Reserve may decide against its previously stated plan for a phased series of interest rate rises. Oil prices ticked up.

The Nikkei rose 1.9% , the Shanghai Composite Index gained 1.8% and the Hang Seng leaped 1.7%.

In London this morning Royal Dutch Shell rose 87.50 at 1,525.5p after announcing a 53% fall in profits and its lowest annual income in at least 13 years. It said would take further steps to weather the worst downturn in over a decade.

Vodafone met expectations with a 1.4% rise in revenue in its third quarter, its sixth consecutive quarter of growth, as recovery in Europe gained pace.



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