FTSE 100 live: Stocks continue to rally as Standard Chartered announces $1bn buyback

Stocks in Europe and the FTSE 100 were less euphoric than the rest of the world on Friday, but nevertheless continued their green streak off the back of bumper banking results. The FTSE 100 (^FTSE) rose 0.3% at the opening bell. Germany's Dax (^GDAXI) ticked up slightly and the Cac (^FCHI) in Paris was 0.2% higher. The Stoxx 600 (^STOXX) rose 0.2% in early trade. Standard Chartered was among lenders reporting a 19% bump in full-year profits on Friday, with pre-tax profits for its final quarter of 2023 hitting $1.1bn, and $5.1bn for the full-year. Its share price surged 6.8% at the opening bell, following the announcement of another $1bn share buyback scheme. It is looking to return $5bn to shareholders over the next three years, it said in the report. Global markets have been surging off the back of barn storming results from artificial intelligence darling Nvidia (NVDA), whose value grew $277bn after a quarterly report. Follow along for live updates: The energy price cap is topping headlines in the UK this morning this morning, as energy bills are set to fall to their lowest point in two years under a new price cap. Ofgem's ruling means the typical...

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