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Bank rally pushes FTSE higher

Banking stocks were the biggest gainers on the blue chip index, with Royal Bank of Scotland (RBS), HSBC (HSBA) and Barclays (BARC) rising between 4% and 5%.

Wolseley reports 22.9% hike in total Q1 revenue

Wolseley reports in an interim management statement that its total Q1 revenue rose 22.9% to £4.4m, from £3.6m. Its trading profit in the period rose 21.2% to £303,000, from £250,000.

Gateley profits up

Gateley's revenue increased 18.9% to £35.2m in the six months to the end of October with adjusted EBITDA up 11.1% at £5.0m and pre-tax profits rising by 44.8% to £4.2m.

RGD widens loss

Real Good Food has widened its H1 pretax loss to £949,000, from a year-ago loss of £216,000.

BHP wins bid

BHP Billiton submitted the winning bid to acquire a 60% participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located offshore Mexico.

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