With Angelique Ruzicka, finance editor
No LSE-listed insurer or bank on our watch list experienced any major drops in share price this week. However, the banks performed considerably better than insurers. Barclays’ stock leapt 28.25% to 202.25p per share after news that it sold its iShares business to private equity and investment advisory firm CVC Capital Partners for £2.9bn. CVC said it is now considering floating the exchange-traded fund business.
Lloyds TSB’s stock rose 9.56% to 87.10p per share, while RBS’s rose 7.59% to 31.2p and HSBC saw a slight improvement of 2.69% to 486.75p.
Life insurers performed well too with L&G’s shares rising 12.3% to 54.8p per share and Pru’s jumping up 6.92% to 363p per share. Lloyd’s insurers only experienced small rises in share prices.
Most AIM-listed shares remained flat this week. Lancashire Holdings was the only one to see a large drop of 5.96% to 449.5p per share.