Spreadex Market Update
03.08.12 Friday Afternoon
This has come to much relief to investors as equities across the board shoot higher.
Royal Bank of Scotland posted a pre-tax loss of £101m for the second quarter of 2012, a stark improvement from the £678m lost in the same period last year.
The groups computer systems failure which caused a huge payments backlog was partly blamed for the loss.
Over in Spain Mariano Rajoy has opened the door to a potential Spanish Sovereign bailout, insisting that the ECB would have to confirm terms of any rescue deal before he could make a decision. So things are looking up this Friday, lets hope this trend continues.
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