UK bank shares have dropped after an influential think tank said Rachel Reeves could raise billions of pounds for the public purse by imposing a windfall tax on lenders.

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FTSE 100 extends losses as Asian stocks edge higher

FTSE 100 falls for fourth day as banking stocks drop on windfall tax calls. Asian markets rise, Nvidia revenue jumps 56%. US PCE data awaited.

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UK shares dip as banks weigh

London equities edged lower on Friday, dragged down by heavyweight banking stocks after an independent think tank recommended taxing interest they receive from reserves held at the central bank.

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FTSE 100 Live: Bank Stocks Weigh as FTSE 100 Slips, Frasers Names New Chair Ahead of AGM

The FTSE 100 Live index traded lower on Thursday as weakness in UK banking shares offset modest gains among industrial and consumer stocks. Investors also looke ...

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Bank shares sink on reports Reeves could hike tax on their profits in the Budget

Shares in Britain's biggest lenders fell sharply on Friday morning as investors fretted over reports Chancellor Rachel Reeves is planning a tax raid on the sector.

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