Private wealth in British shares may increase

Individuals with private wealth invested in UK stocks could see gains today (July 6th), as Britain’s top shares climb rapidly in response to renewed investor risk appetite.

Private wealth placed in financial and commodity funds benefited from traders seeking bargain prices snapping up shares which had lost value earlier in the week, reports Reuters.

Oil giant BP shares rose 3.5 per cent as the beleaguered company continued to push sovereign wealth fund interest discussion.

The group was helped by Royal Bank of Scotland raising its rating to ’buy’ from ’hold’ as the value of shares has plummeted by almost 50 per cent since the oil spill off the coast of North America in April.

The publication reports overall, the FTSE 100 was up 2.2 per cent or 108.23 points at 11:39 BST, with banks allying investor fears about the long-term outlook for the global economy.

Barclays rose 4.3 per cent during favourable trading, with Standard Chartered adding 1.5 per cent to its share value in the morning session.ADNFCR-2318-ID-19875305-ADNFCR