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Banks move FTSE higher

The FTSE opened at 4,239 this morning with banks stronger in early trades.

By 9.37am, London’s equities were 0.6 per cent higher at 4,264 with strong gains from Lloyds Banking Group after Goldman Sachs raised its recommendation on the stock to buy from neutral.

Lloyds gained 3.2 per cent to 68.60p on the back of the news, with Royal Bank of Scotland up 0.5 per cent to 38.32p and Barclays up 0.62 to 269.75p.

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