RAMSEY CROOKALL

28th   June 2011

Evening Report

The FTSE 100 closed up 0.8% amid hopes that Wednesday's vote in the Greek parliament will pave the way for another bailout of the country's ailing economy. Banks lead gains, with Royal Bank of Scotland ending 4.2% higher. Tate & Lyle fell 1.8% as RBS cuts its rating to hold from buy. Looking ahead to tomorrow, along with the Greece vote, investors will be awaiting U.K. mortgage approvals data and U.S. pending home sales data.

Emerging markets banking leviathan Standard Chartered  went well after saying that it has continued to build on the strong start it made to the year, with income and profit both showing double-digit percentage growth year-on-year at the end of May.

Tate & Lyle, the food ingredients giant, was the heaviest faller after RBS cuts its rating on the stock to hold, from buy.

Meanwhile, the miners were among the high risers. Kazakhmys, Vedanta Resources and Anglo American were all wanted, tracking metals prices higher.

Energy provider Scottish and Southern Energy closed lower after agreeing to sell its 50% interest in the Braes of Doune onshore wind farm to a fund managed by Climate Change Capital for £61.3m, excluding working capital.

THE FTSE 100 closed                                 Up       44            @     5766

THE DOW JONES at 4:45   Up     108 @ 12152

THE NASDAQ COMP at 4:45                    Up       26           @     2715   Exchange Rates GBP – USD           1.6013 GBP - EURO          1.1151