Vodafone and GlaxoSmithKline were among the bigger UK stocks registering falls today and pulling the...
Vodafone and GlaxoSmithKline were among the bigger UK stocks registering falls today and pulling the FTSE 100 index down 23.40 points to 3,569.9 by the close.
GSK shed 22p to £10.88p, while Vodafone was off by 1.5p to 112.25p.
Amersham's profits warning lopped 35p off its share price, taking it down to 424p.
Shire Pharmaceuticals rounded of the poor day for the pharms sector by losing 23.75p to 293p.
Rolls Royce had a better time, rebounding from its decade low to post a 4.25p gain to 76p.
The company's problems have stemmed from a big pensions fund deficit coupled with a downturn in the aviation market last year.
L&G has managed to drag some peers along with it following positive results today.
Its profits were down, but the comfortable cushion provided by a 12% free asset ratio – thanks to last year's cash-raising exercise – means it is better placed to sit out the current turmoil.
Royal & Sun Alliance jumped 2.75p to 65.5p.
The FTSE 250 is down 2.6 points to 3,997.8.
EasyJet fell another 7.5p to 195p as the government outlined plans to build up to an additional two new runways at Gatwick, the country's second biggest airport.
EasyJet was hurt earlier this week when it announced fare cuts were in order to fill seats, but the pain also spread to TBI, which owns secondary airports serving EasyJet competitor Ryanair.
TBI lost 1.75p to 42p.
Better news for steelmaker Corus, which bounded up 2.5p to 15p after HSBC told clients to add shares in the company, which many believe could become a takeover target at current price levels.
£300bn of liabilities
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