London shares fell further this afternoon as investors took stock of a major US investment plan, and the FTSE 100 dipped 55.53 points (1.4%) to 3,897.28 shortly after 3pm.
Legal & General shares dived ahead of publishing its full year results, with an expected dividend cut pushing values down 8.7% to 41p. Bank shares fell after making major gains on Monday, with HSBC dropping 5.4%, Barclays down 2.2% and Lloyds down 5.3%. However, troubled Royal bank of Scotland added 2.4% to its share price, which sits at 25.6p. In the US, shares fell back after major gains on the back of Monday's bailout plan, with the Dow Jones down 69.06 points (0.89%) to 7,706.8. Bank of America shares dipped 4% in early trading as two top members of its Merrill Lynch team announc...
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
