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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Italy United Kingdom Niesr WeWork Economic Growth United States Tui Economy the National Institute of Economic and Social Research
Piazza Gae Aulenti of Milan, Italy.
Piazza Gae Aulenti of Milan, Italy. Photograph: NurPhoto/Getty Images

Closing post

Time to wrap up – here are today’s main stories:

The UK’s FTSE 100 share index has closed 60 points higher tonight at 7587 points, up 0.8% today.

That’s its highest closing level in a week.

BP gained around 2.5%, lifted by the jump in oil prices today.

Italy’s FTSE MIB has gained around 1.3% today, as bank shares rallied after the new windfall tax was capped.

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