UK Markets March Forward; RBS Falls

THURSDAY MARKET UPDATE: Shares in International Consolidated Airlines Group rallied by 8% and led the markets higher, but RBS shares tumbled

Alanna Petroff 28 February, 2013 | 6:44PM
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The markets in London continued their march forward on Thursday, with the benchmark FTSE 100 index adding 35 points, or 0.6%, to close at 6,361. The mid-cap FTSE 250 index jumped up by 79 points, or 0.6%, to close at 13,704.

European markets also rose as investors gained confidence about continued monetary support from central banks. This comes after the US Federal Reserve chairman, Ben Bernanke, said on the second day of his congressional testimony that the Fed’s bond purchases are needed to boost a still weak economy.

International Consolidated Airlines Group Leads UK Markets Forward

Some key large-cap companies that trade in London reported earnings results on Thursday, which led them to either lag or lead their peers in terms of market performance.

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About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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