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FSA stress test on Barclays boosts FTSE

The FTSE 100 gave a level start today opening on a par with Thursday’s close of 3,925 but shares boosted in early trades with hope that the FSA’s healthcheck on Barclays could keep it free from government intervention.

By 9.55, the FTSE was marginally higher at 3,927 after Barclays rose by over 7 per cent to 150.60p, extending its gains yesterday after speculation over potential buyers for its iShares operation lifted shares to 140p.

Lloyds Baking Group gained 9.28 per cent to 75.40p, Royal Bank of Scotland gained 3 per cent to 27.40p and HSBC was up 2.44 per cent to 409p.

Profit taking from miners prevented the index from lifting much higher with BHP Billiton down 1 per cent to 1,444p and Anglo American down 1.84 per cent to 1,2229p.

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