First Abu Dhabi no longer considering bid for Standard Chartered

First Abu Dhabi Bank said on Thursday that it was no longer interested in buying Standard Chartered.

Responding to press speculation, First Abu Dhabi confirmed it had previously been at the "very early" stages of evaluating a possible offer for Standard Chartered, but is no longer doing so.

At 1355 GMT, StanChart shares were up 6% at 700p, having jumped to as high as 797.40p earlier after Bloomberg reported on the potential deal.