The FTSE Allshare was down at the end of the week by 1.06% on the back of losses in the US with the FTSE100 falling 1.21%.
BG, BP and Royal Dutch Shell were among the biggest fallers as crude prices fell back under $76 a barrel. Standard Life was down 3.32% as investors were concerned about the group’s second quarter results to be published next week. Another financial services laggard was Old Mutual down 4.73%.
The top risers were Royal & Sun Alliance Insurance Group up 1.71%, International Power up 1.55% and Next up 1.02%.
In New York, a jump in the unemployment rate has hit the Dow Jones, currently down 48.28 points, or 0.36%, to 13415.05. General Motors, poised to be overtaken by Toyota as the world’s largest automobile manufacturer, has lost the most ground this morning, falling 0.84 points, or 2.52%, to 32.55.
American Express hasn’t fared much better, dropping 1.30 points, or 2.13%, to 59.61. Verizon is having a good start, up 0.36 points, or 0.83%, to 43.49; while Hewlett-Packard is again looking promising, up 0.33 points, 0.68%, to 48.56.IFAonline
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