Financials have continued yesterday's poor showing in early trading this morning, driving the FTSE100 down 32.90 points (0.56%) to 5844.70.
Alliance & Leicester is the worst of the sector so far but has many friends; the insurer has dipped 4.25% to 349. Interdealer broker ICAP is not too far behind, 3.47% lower to 570. Persimmon looks set to fall from the blue-chip index shortly, the home builder is leading the losses so far, down 5.31% to 406. Eurasian is leading the gains this morning on news fellow Kazakh miner Kazakhmys has taken a further stake in the company. It is up 5.58% to 1399. The London Stock Exchange Group is also doing well, currently 2.64% ahead to 915. In New York, Wall Street somewhat bounced bac...
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
