Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Oil prices start the week positively

Post Thumbnail

The FTSE 100 started the week slightly in negative territory but oil prices were up amid hopes new production cuts can reduce a massive global oversupply.

London’s blue-chip index was just 9.28 shy of Friday’s close, down 0.6% at 5,753.78.
Banking giant Barclays fell nearly 3% to 99.68p after it said it received about 200 applications for new business “bounce-back” loans in the first minute after it launched the scheme for its customers.

All 200 were approved just minutes later, Barclays UK chief executive Matt Hammerstein told the Treasury Select Committee. In the hours that followed, the bank fielded around 35 applications every minute.

Lloyds Banking Group – down 3.42% at 30.60p – said its customers sent about 2,000 applications for the new UK Government-backed loans, worth £35,000 on average, in the first two hours after it started accepting requests.

FTSE 250-listed Virgin Money UK was 1.4% lower at 72.78p after it said it had hired former Alliance & Leicester boss David Bennett as chairman.

Brent crude oil was up about 1.7% at $26.88 per barrel by 6pm, while the US benchmark was 2.5% higher at $20.18.

Already a subscriber? Sign in

[[title]]

[[text]]