A late rally has softened the end of week losses for the FTSE 100, with the index closing 20.90 points lower (0.32%) to 6476.90.
Financials were slammed again, with Schroders down 2.51% to 1318. Its non-voting stock followed, 2.34% lower to 1170.
BT and Standard Life closed the week poorly also, down 2.24% to 273.25 and 1.75 and 253 respectively.
Energy stocks performed the best as oil nudged $100 a barrel. Cairn Energy led the gains, up 3% to 3090.
Reed Elsevier and BSkyB also had a good day at the office, up 2.02% to 682 and 1.46% to 627 respectively.
In New York, the Dow Jones has started strongly on Friday, currently 39.91 points ahead (0.3%) to 13399.52.
Telco’s have started strongly, with AT&T and Verizon the best of the bunch, up 1.81% to 42.78 and 1.37% to 44.99 respectively.
Intel has also had a solid opening; the worlds largest chip maker is 1.27% ahead, to 27.17.
General Motors is still reeling from yesterday’s durable goods demand reports, currently 2.34% lower to 25.45.
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