FTSE 100 fails to make gains as banking stocks hit by tax raid fears

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

NatWest, Barclays, Lloyds and HSBC were among the fallers amid speculation the upcoming Budget could see a tax increase on banks.

The blue-chip index fell 1.61 points, or 0.02%, to end the day at 8343.85.

“Banks have made big money from higher interest rates, profiting when the rest of the country has struggled through a cost-of-living crisis. At the end of the day in Europe, Frankfurt’s Dax index rose 0.57% while the Cac 40 in Paris closed up 0.16%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 75. in BUSİNESS

Business Business Latest News, Business Business Headlines