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The rejuvenated FTSE 100 index touched a new record today in a session when the focus turned to UK banking stocks. Lloyds Banking Group kicked off the sector’s reporting season by posting a 28% fall in first quarter profits alongside unchanged full-year guidance. Other companies in the spotlight today included Reckitt Benckiser, Jet2 and the Carex business PZ Cussons.
More than 1,000 higher rate taxpayers fled Scotland to the rest of the UK after Nicola Sturgeon’s government introduced two more income tax bands, a Treasury analysis has estimated.
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