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Evening Standard
Evening Standard
City Staff

FTSE 100 Live: Index climbs, Oil giants and Metro Bank shares under pressure, Imperial Brands in £1bn buyback

Pressure on shares of oil majors BP and Shell continued today after yesterday’s big fall in the Brent Crude price.

The oil benchmark’s 5% retreat came in a volatile week for markets on speculation that interest rate expectations will stay higher for longer.

In today’s developments, shares in Imperial Brands rebounded on plans for a £1.1 billion buyback while Metro Bank was hit by heavy selling.

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