The FTSE 100 dipped below the 5,000 mark today for the first time since 5 October.
London's main index dropped to 4,995 a short time ago, before recovering slightly, but is now wavering around the psychologically important point barrier. London shares fell following news RBS would need to receive further taxpayer investment to keep its capital surplus in line with regulatory requirements, RBS shares were down 4.68% a short time ago. Mining shares were also down on fears the world economy is not recovering as quickly as first thought. Only a handful of FTSE 100 shares made gains, with Lloyds up on news it needs no further Government support, while Legal & General...
To continue reading this article...
Join Professional Adviser for free
- 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