Poor housing figures send FTSE down

clock

In London, markets closed down after the Halifax released figures showing major problems in the housing market and the FTSE 100 dropped 41.7 points (0.69%) to 5,973.1.

BHP Billiton shares made the biggest gains, up 61 points (3.62%) to £17.46, while BT Group added 4.5 points (1.96%) to 234.25p after chief executive Ben Verwaayen announced he would step down. Saga group shares dropped 12.3 points (5.91%) to 195.7p, while the London Stock Exchange followed close behind after losing 76 points (5.5%) to £13.07. On Wall Street, markets fell in early trading following renewed concerns about the outlook for the US housing market and the Dow Jones lost 34.12 points (0.27%) to 12,578.31. American Express shares made the biggest early gains, up 0.65 (1.4%) to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login