US payroll pains pound FTSE

The index closed the week 122.1 points down, or 1.93%, to 6191.2. Yet again the financials took a battering due to credit market concerns, with Old Mutual leading the losses, 8.1 points lower, or 5.25%, to 146.2. British Land and British Airways struggled as well, dropping 5.03% to 1226 and 4.96% to 397.25 respectively. Sage Group consolidated on its strong morning to post the day’s best result; the business management software supplier closed 4.25 points up, or 1.78 %, to 243. BAE Systems was the only other stock to post any sort of solid gain, up 1% on news it clinched a £20bn dea...