FTSE continues to struggle

At 4:12pm UK time, the FTSE was down by 61.8 points, or 1%, to 6109.7. But this was a slight recovery - just 30 minutes before it was down 82.3 points, or 1.3%, to 6089.2. This performance was despite initial gains in early trading this morning. Big losses for Aviva, Lonmin, Royal & Sun Alliance Insurance Group, among others, were not sufficiently offset by gains by The Royal Bank of Scotland and Sainsbury’s. The last time the FTSE was this low was almost three months ago, when it hit 6090.35 on 6th December 2006. It is the third straight day that the FTSE has struggled, all prompte...