RBS results send FTSE lower

Shortly after 9am, London's blue-chip index was 25.96 points down (0.55%) to 4,664.57, with financials RBS and Lloyds TSB sitting within the bottom three positions. Royal Bank of Scotland plunged 7.41% to below 50p after posting a H1 pre-tax profit of £15m, well below many analyst forecasts. It also written off £7.52bn of bad debts. After taking the top performer spot for two consecutive days, Lloyds TSB has fallen 2.58% to 102p. Airline refuelling equipment producer Cobham is the biggest winner so far, up 1.28% to 189.8p after it revealed sales for the six months ended in June ros...