The FTSE shed more than 21 points by lunchtime today following yesterday's brief rally, with banks taking the worst hit on continuing concerns over exposure to Dubai debt.
Shortly after 1pm, the index had fallen 21.22 points, or 0.4%, to 5,290.95. Tuesday saw the FTSE lift 2.3% in its biggest one-day gain since August amid hopes of a return to confidence in the Gulf state. Blue-chip companies led today's dip with RBS down 2.19 points, or 6.38%, to 32.08p and Lloyds down 2.09p to just over 52p. RBS also suffered after reports the Treasury had demanded control over the bank's bonuses. A cautious note from Credit Suisse on the health of UK banking also added to the sector's woes. Energy stocks declined after a 1% slide in the price of crude oil f...
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