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Stockreport

Banks drive bounceback for FTSE 100 while Shell slides [Reuters]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: Reuters
US:NYSE Investor Relations: shell.com/investors.html
PDF Banks drive bounceback for FTSE 100 while Shell slides | Reuters Reuters Staff 4 Min Read (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 up 0.1 pct * Banks lead gains as investors pile back into yield trade * NEX Group shines * Shell dips after quarterly cashflow disappoints By Helen Reid LONDON, Feb 1 (Reuters) - British shares recovered on Thursday after a two-day swoon, with banking stocks leading gains as results rolled in with mid-cap NEX Group shining while oil major Shell fell back. Britain’s FTSE 100 rose 0.1 percent by 0930 GMT thanks to a rally in banking stocks, but stayed near its six-week low hit in the previous session. Shell shares fell 0.9 percent, the biggest weight on the index, after its results showed weaker quarterly cash generation than expected, though overall cash flow for 2017 put Shell on track to beat rival Exxon. Private equity group 3i nabbed t [Read more]

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