Monday, June 11, 2007

UK stocks rebound, boosted by Centrica and Barclays

(Reuters) - A jump in British utility Centrica and bank Barclays on Monday helped UK stocks regain some of the ground they lost the previous week on the prospect of higher interest rates.

At 0813 GMT, the FTSE was up 0.6 percent, having lost about 2.4 percent the previous week when the possibility of further monetary tightening drove benchmark U.S. bond yields above 5.25 percent.


Read more at Reuters Africa

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