The FTSE closed down 99 at 5,866, dragged down by the banks which reacted badly to news house prices fell more than expected in February.
Royal Bank of Scotland, HBOS and Barclays were among the losers but Schroders performed well after Morgan Stanley raised its rating. The US had a disappointing end to the week as the Dow Jones opened down 95 at 12,599. The slump was a result of weaker GDP figures than expected for Q4 2007 and gloomy forecasts for US economic growth. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
