Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Retailers a bright spot in the gloom

After yesterday's shenanigans, mortgage bank HBOS has recovered virtually all its rumour-fuelled falls.

Its shares have closed up 27.5p at 473.75p, a 6% increase, compared with yesterday's 7% fall. The recovery came as leading bankers met the Bank of England and called for it to pump more money into the system.

Ahead of the Easter break, the nerves have not completely gone away however. The FTSE 100 has ended down 50.4 points at 5495.2, albeit off its lows of the day. Wall Street was up around 100 points by the time London closed, encouraged by midwest manufacturing figures and falls in the oil price, which can only help the US economy.

There was no real recovery among the miners, but retailers held on to most of their gains after February's better-than-expected high street sales figures.

Finally, to help with the holiday mood, an optical illusion from the Here is the City site.

Happy Easter.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.