The FTSE100 has given up most of its strong start in mid-morning trading, with more fears for financials cancelling out the large oil price falls. London's blue-chip index is currently 7.5 points (0.15%) higher to 5,179.40.
US crude futures fell by more than $10 to just below $136 a barrel yesterday, before recovering above $137. London Brent dipped $6.60 to $137.31 a barrel. Strong losses to US peers have not helped the banks, with Royal Bank of Scotland down 5.56% to 158. HBOS is 5% lower to 247, while Barclays is 2.21% behind to 254.75. The London Stock Exchange Group is struggling after a strong Tuesday session, down 3.25% to 685.50. Insurer Admiral is going against the grain however, soaring 6.37% to 751.50. Broker ICAP is 2.75% ahead to 429.25. In New York, Wall Street endured a rollercoaster ride o...
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