Following a lack-lustre performance by US indices on Friday it was always likely that the FTSE 100 i...
Following a lack-lustre performance by US indices on Friday it was always likely that the FTSE 100 index was not going to start with a bank today, and this was the case as insurers such as R&SA and asset manager and insurer Old Mutual led the index down 10 points to 4,164.
Old Mutual fell 3.25p to 91.5p after it said second half profit would be down on the first half because of stock market falls and its assets under management continue to fall in value - representing cuts to asset management fees.
Royal & Sun Alliance is down 7p to 134p and Amvescap is down 12p to 459p.
Engineer and car parts maker GKN is down 8.75p to 216.75p after it reported that earnings next year are unlikely to be much ahead of this year's.
Brambles, the pallet maker, reversed last week's losses by announcing an aggressive strategy to restore its share price, which gained 6.25p to 137p this morning.
The FTSE 250 index is down 5 points to 4,520 today, led down by Acambis, the smallpox vaccine maker.
Delays to revenue from increased sales of the product have caused shares to slip 19.5p to 241p.
Colt Telecom continued to slip following last week's credit downgrading by Standard & Poor's, losing 2p to 46p this morning.
Chrysalis group reported a profit compared to a loss this time last year, helping its shares to gain 12.5p to 220p.
And MyTravel is up 5p to 31p after announcing the departure of its finance director.
Earlier today, shares in Tokyo's Nikkei 225 index gained 171.88 points to close at 8,944.44.
Hong Kong's Hang Seng index is up 35.45 points at 10,100.77.
On Friday the Dow Jones Industrial Average closed down 40.31 points at 8,804. 84.
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