Banks boost FTSE 100 while European stocks rebound
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s FTSE 100 moved higher on Monday amid a boost from banks but was outperformed by European peers. Chris Beauchamp, chief market analyst for trading platform IG, said: “After a miserable end to last week, the FTSE 100 has managed to rediscover some momentum, rallying 1% thanks to a strong showing from the UK banking sector. “The UK Government’s sale of more of its stake is another vote of confidence in NatWest, another step in the long road away from 2008’s emergency government takeover.” It was an even stronger day of trading for other top markets in Europe. Chemicals company Croda International was the top riser on the FTSE 100 after reporting an 8% increase in sales for its third quarter, at constant currency, to £407 million.