FTSE slides

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Investors were more interested in mid-caps today, sending the FTSE down 12.10 points to 4,630.70 points near the close without support from weaker US markets.

Banks were hit, as was Shell, which shed some of the gloss of yesterday’s corporate restructuring announcement. Bradford & Bingley fell 5p to 277.25p, Barclays dropped 8.5p to 533.5p, and Alliance & Leicester fell 12p to 861p. Shell gave up 4.75p to 430.75p. Vodafone gained 1.5p to 140.5p. In New York, the Dow Jones Industrial Average is currently down about 1 point to 10,003. IFAonline

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