MW: Banks, oil producers pace modest gains for British stocks
FTSE 100 index up 0.4%; British Airways shares climb
LONDON (MarketWatch) -- Banks and oil producers gained ground on Friday, helping the top British share index record modest gains.
The U.K. FTSE 100 index (UK:UKX 4,266, +13.87, +0.33%) rose 0.4% to 4,270.84, taking back some ground lost in the previous session.
Banks were strong across Europe on Friday. Investors were eyeing news that UBS will raise more capital and post a second-quarter loss. See UBS story. See Europe Markets.
LONDON (MarketWatch) -- Banks and oil producers gained ground on Friday, helping the top British share index record modest gains.
The U.K. FTSE 100 index (UK:UKX 4,266, +13.87, +0.33%) rose 0.4% to 4,270.84, taking back some ground lost in the previous session.
Banks were strong across Europe on Friday. Investors were eyeing news that UBS will raise more capital and post a second-quarter loss. See UBS story. See Europe Markets.
Shares of Imagination Technologies (UK:IMG 137.00, -3.95, -2.77%) declined 5.1%, paring some sharp gains made this week on hopes for a takeover battle.
It said that Apple Inc (AAPL 139.50, -0.36, -0.26%) will subscribe for 2.2 million of its shares at 1.4275 pounds per share. Apple, like fellow shareholder Intel, license Imagination's technology.
