Bad debts at Barclays halt FTSE gains

Professional Adviser
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Banks are dragging the FTSE 100 down this morning, as Barclays has declared bad debts will damage pr...

Banks are dragging the FTSE 100 down this morning, as Barclays has declared bad debts will damage profits and more money needs to be set aside for those loans. The FTSE 100 lost 43.5points or 1.1% to 4110.8 by mid-morning trading as Barclays and rivals, including Royal Bank of Scotland, posted five of the index's six biggest point losses. Barclays fell 33.5p or 7.4% to 418.5p while Royal Bank of Scotland Group lost 55p or 3.4% to 1,575p, HBOS dropped 15.5p or 2.2% to 692p and Lloyds TSB Group fell 11p or 2% to 534p. East Surrey Holdings is one of the few that has managed to r...

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