The FTSE 100 Index is down 17.9 points to 5,569.2 points this morning, with dealers citing a lack of investor confidence after losses on Asian markets and bearish comments from Fidelity.
Fidelity fund manager Anthony Bolton said on Wednesday the equity bull market may be over and said the current correction could take months rather than days. Barclays has fallen 0.59% to 591p, reversing earlier gains, as investors focused on rising impairment costs and expenses which dealers said outweighed profit growth elsewhere in the company. Airports operator BAA has declined 3.60% to 804p. Britain's consumer affairs watchdog said it was considering looking into the UK airports market, noting BAA owns and operates airports handling 63% of air passengers beginning or ending their jo...
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