UK Markets Tame; Big Banks on the Move

MONDAY MARKET UPDATE: Markets were range-bound; RBS was amongst the key equity laggards because of a scuttled sale

Alanna Petroff 15 October, 2012 | 6:35PM Kevin O'Shaughnessy
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The UK markets remained tame and range-bound on Monday, with no clear economic or earnings catalyst to affect the overall investment mood. 

The FTSE 100 index edged up by 12 points, or 0.2%, to close at 5,806. The mid-cap FTSE 250 index also added 17 points, or 0.2%, to close at 11,856.

The main headline grabber on the FTSE 100 was Royal Bank of Scotland (RBS). Shares in the bank fell by 1% on Monday after it announced that it was unable to complete the sale of 316 RBS branches to Santander UK.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Charles Schwab Corp79.15 USD0.00Rating
Citigroup Inc65.50 USD0.00Rating
JPMorgan Chase & Co161.93 USD0.00Rating
NatWest Group PLC208.20 GBP0.00Rating
Wells Fargo & Co48.43 USD0.00Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.