The FTSE100 is on a downward slide this morning despite a positive opening, with downgrades denting a fine Friday start for homebuilders. The index is currently 11 points (0.19%) behind to 5697.40.
A Morgan Stanley target price lowering and downgrade to ‘underweight’ has smacked building supplies firm Wolseley, down 5.21% to 445.75. HBOS continues its recent volatility, currently sitting 3.62% behind to 286. Falling copper prices is sending a number of miners lower, with Anglo American dipping 3.55% to 3393. Homebuilder Persimmon is leading the way today after rebounding from some heavy falls yesterday, up 5.55% to 385.25 so far. A Merrill Lynch rating lift to ‘neutral’ has led miner Antofagasta to go against the grain, currently 2.44% ahead to 650.50. In New York, Wall Stre...
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