The FTSE100 has recovered well this morning after a slow start for financials, with miners spearheading the revival. London's blue-chip index is still in the red however, 9.50 points (0.18%) lower to 5366.90.
Most of the negative financials sentiment surrounds HBOS, which saw shareholders snap up just 8.29% of its £4bn rights issue. Insurers Aviva and Friends Provident are struggling so far, down 5.01% to 512 and 4.28% to 82.80. Pharmaceutical giant Shire is also in decline, 4.48% lower to 736. Oil services group John Wood is leading the way, up 4.14% to 402.75. Miners are also higher, with Kazakhmys 2.96% ahead to 1392 and Anglo-Australian giant BHP Billiton 2.94% up to 1647. In New York, Wall Street was mixed on Friday with gains for the Dow Jones IA offset by losses to the tech-heavy ...
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