Sir Mervyn King: Big five banks need £35bn disaster funds

 MARKET REPORT

STRONGER than approaching total about US mercantile outlay sent a FTSE 100
flying higher. RIO TINTO leapt 5 per cent to 3090p. Rio also laid out
plans to condense costs by £4.4billion over a subsequent dual years.

BHP BILLITON jumped 36.50p to 1970.50 on upbeat comments from the boss
Marius Kloppers. Elsewhere, banks hold their possess notwithstanding Sir Mervyn King's
blast, with HSBC rising 8.80p to 631.60.

BQ owners KINGFISHER dipped 1.6p to 279p on disappointing
third-quarter sales during the DIY chain.

South West H2O owners PENNON gained 26p to 624.50 as half-year profits
met City expectations. Engineer INVENSYS surged 9 per cent or 25p to
305 — fluctuating Wednesday's gains after offered the rail arm to SIEMENS.

Read full article: http://www.cnn.com/2012/11/18/opinion/opinion-roundup-petraeus/index.html

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Source:
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