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10:48a.m. BST

World markets

Shanghai 3,756.54 +133.64 (3.69%)
S&P 500 2,098.04 -5.80 (-0.28%)
Nikkei 225 20,520.36 -27.75 (-0.14%)
Hang Seng Index 24,406.12 -5.30 (-0.02%)
TSEC 8,510.86 -13.55 (-0.16%)
EURO STOXX 50 3,623.42 -11.98 (-0.33%)
CAC 40 5,106.58 -13.94 (-0.27%)
S&P TSX 14,468.73 +85.97 (0.60%)
S&P/ASX 200 5,697.90 +18.60 (0.33%)
BSE Sensex 28,075.71 -111.35 (-0.40%)
TA25 1,715.36 -2.71 (-0.16%)
SMI 9,485.10 +16.13 (0.17%)
ATX 2,488.33 -11.11 (-0.44%)
IBOVESPA 50,138.05 -726.73 (-1.43%)
SET 1,431.25 -10.79 (-0.75%)
BIST100 78,452.50 +288.41 (0.37%)
IBEX 11,181.90 -84.00 (-0.75%)
WIG 52,760.01 -48.17 (-0.09%)
TASI 8,743.02 -77.63 (-0.88%)
MERVAL 10,252.07 -81.01 (-0.78%)

Currencies

GBP/USD 1.5584 -0.0005 (-0.03%)
GBP/EUR 1.4203 -0.0032 (-0.23%)
GBP/JPY 193.2782 +0.0603 (0.03%)
GBP/HKD 12.0834 -0.0032 (-0.03%)
GBP/CNY 9.6686 -0.0115 (-0.12%)
GBP/AUD 2.1109 -0.0317 (-1.48%)
Sale of RBS stake marks start of the UK's biggest privatisation
Chancellor George Osborne has kicked off Britain's biggest privatisation by selling �2bn of shares in Royal Bank of Scotland at a loss to the taxpayer seven years after the bank was rescued with a record �45bn state bailout.
Osborne Scratches State's Seven-Year RBS Itch  
RBS share sale: Government makes �2.1bn selling off 5.4% of the bailed-out bank  
Market Chart
6,708.25 +19.63 (0.29%)
17,709.62 +39.51 (0.22%)
3,659.27 +10.13 (0.28%)
3,902.40 +3.50 (0.09%)

Top stories

LONDON He was so obsessed with the numbers that he did not see his downfall coming. The first trader convicted by a jury in the global Libor rate-rigging scandal was a maths whiz nicknamed "Rain Man", who slept as an adult under a superhero duvet cover ...
House price inflation is beginning to match the growth in earnings, potentially making the property market more sustainable in the long run.
(Open): The FTSE 100 fell, with shares in Standard Life lower after it said its annuities business had suffered from recent pension reforms.
The insurer Direct Line has reported pre-tax profits up by nearly a half in the first six months of the year, following a “refresh” of the Churchill brand.
Audi, BMW and Mercedes-Benz parent company Daimler have agreed to buy Nokia's HERE mapping and location services business. The acquisition - believed to cost in the region of €2.8-billion ($3.1-billion) and which will need to be cleared by ...

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