London higher on the back of strong oil prices


THE London stock market is set to focus on Britain’s leading banks this week as they report first-half earnings, while the Bank of England is set to cut interest rates after keeping them on hold for a year. 

The FTSE 100 Index of leading London shares closed at 5,282.3 points on Friday, up 40.5 points or 0.77% from the previous week. 

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