After weak overnight performance on Wall Street, the UK's leading shares came under more pressure as...
After weak overnight performance on Wall Street, the UK's leading shares came under more pressure as the FTSE 100 Index started off on a gloomy note.
The benchmark FTSE 100 Index shed 15.6 points to 3984.3 in the first hour of trading.
Royal Bank of Scotland dropped 14p at 1607p and Barclays fell 3p to 404p, to lead the banking sector down.
Lloyds TSB shed 8.25p to 411p and Abbey National slipped 11p to 477p.
Things didn't look much better for insurers.
Aviva dropped 6.75p to 430p, and Prudential fell 2.5p to 387.5p.
SABMiller, the brewer, dropped 8p to 451.5p after announcing that the company was buying a majority stake in Italian competitor Birra Peroni.
Woolworths fell 2.25p to 34p after announcing poor sales of Easter eggs had slowed overall sales in the first quarter.
In Asia, Japan's Nikkei 225 index advanced 0.42% to 8,224.32, paced by Sony, which had its biggest three-day gain in seven months.
Hong Kong's Hang Seng index also advanced, by 11.20 points to 9,130.24.
Across the Atlantic, trading ended down as the Dow Jones Industrial Average lost 47.48 points to 8,679.25, and Nasdaq's Composite index fell 1.72 points to 1,539.68.
The S&P 500 shed 2.81 to 942.30.
What made financial headlines over the weekend?
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Cautious welcome for volatility