A strong afternoon fightback was not enough to bring the FTSE 100 index into the black today, finishing Wednesday down 10.90 points (0.18%) to 6076.50.
HBOS lost the most ground today after warning about squeezed margins in its 2007 results, the lender fell 10.78% to 657.
Directories group Yell also struggled, dipping 4.46% to 273; while South African insurer Old Mutual fell despite some solid 2007 results also released today, down 3.28% to 132.50.
Rising oil and metal prices couple with a weak dollar led to a strong day for miners, with Vedanta up 6.13% to 2199.
Admiral Group was enjoyed a positive session, up 4.01% to 1090 and Schroders climbed 2.95% to 977.
In New York, the Dow Jones IA has bounced back from a sluggish start to be currently 60.57 points (0.48%) higher to 12745.49.
The positive start comes from Fed chairman Ben Bernanke hinting at further rate cuts in the US. However, Bernanke also suggested inflation concerns could limit any such action.
The world's leading primary aluminium producer Alcoa is enjoying a solid start on a good morning for the heavy industry stocks, currently 2.03% ahead to 39.28. General Motors is also doing well, up 1.87% to 25.04.
Pharmaceutical giant Merck is leading the losses, down 1.1% to 45.88 so far.
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An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m