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LSE Volume: 2,196 M
Avg Vol: 3,949 M -44%
Unchanged 591

FTSE soars on RBS, IAG as euro-zone inflation rises

The FTSE was up midday with Royal Bank of Scotland (RBS) and International Consolidated Airlines (IAG) soaring. Markets were buoyed by Japan's expansion of an internal monetary-easing programme and a minor rise in euro-zone inflation.

RBS reports third successive quarterly profit

Royal Bank of Scotland has reported robust third-quarter pretax profits, but warned of a long list of conduct and litigation issues to deal with.

IAG profits up

Operating profit International Consolidated Airlines Group - the holding company of British Airways and Iberia - rose to €900m before exceptional items in the third quarter, €210m better than last year.

Pendragon upbeat

Pendragon said given its continued progress in Q3 it expects the full year to be ahead of expectations for 2014.

Coms losses rise

Telecommunications products, services and infrastructure provider Coms posts losses before tax and exceptional items of £417,469 for the six months to the end of July - up from £417,469 last time.