Sunday, December 6, 2009

banking shares

As well as the banks, British Airways climbed 6p to 208.4p ahead of passenger figures for November due later in the session.

Among other top flight stocks, home improvement retailer Kingfisher gave up gains seen after it revealed like-for-like sales were up 5.7% in the 13 weeks to October 31, driven by higher sales of "big ticket" items and improved DIY performance. Shares were later 0.2p lower at 235.8p, although Homebase rival Home Retail Group still cheered 3.1p to 313.1p.

Outside the top flight, shares in brewer Marston's were 4% higher, up 4p to 93.9p, as the company offset any disappointment over lower full-year profits by reporting an improved sales trend at its managed pubs in recent weeks.

Transport firm Go-Ahead was another stock on the front foot after it announced the disposal of its loss-making aviation services business. Shares were 36p higher at 1264p, even though it warned the move would result in a £20 million hit to results.

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