The FTSE 100 Index has lost 22.60 points, or 0.4%, to 5742.00 points this morning, led by banks on speculation the European Central Bank will increase interest rates.
HSBC has dropped 6p, or 0.7%, to 920.50p, Royal Bank of Scotland has fallen 23p, or 1.3%, to 1,759p and HBOS has declined 8.5p, or 0.9%, to 926p. Vodafone has also dropped 1p, or 0.8%, to 125.75p, while BT has declined 2.75p, or 1.2%, to 233.50p. Man Group has fallen 21p, or 0.9%, to 2,422p after it said there were no "abnormally high" withdrawals of funds by clients in May as stock markets plunged. Man Group estimates hedge funds on average lost between 1.5% and 2% in May. Meanwhile, BAA has gained 4.5p, or 0.5%, to 909.50p on news a Goldman Sachs-led group has offered more than £10....
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