UK stocks are trading tamely down this morning, paced by Royal & Sun Alliance, which has forced the FTSE 100 down by about 4 points to 4,625.
Royal & SunAlliance shed 2.25p to 74p, with the sector taking a pasting across Europe on news US regulators are looking into allegations of kickbacks from brokers to US insurers worth hundreds of millions of dollars. Prudential is down 9p to 461.75p. Associated British Foods is trading down 8p at 676.5p. BAE Systems is up 4.75p to 236p, as is Rolls Royce, up 2.75p to 251.25. Asian markets are on target to record their biggest weekly slide since August. Toyota and Honda are down on oil prices trading near $55 per barrel, highlighting concern global economic growth will slow. ...
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