In London, markets opened lower this morning as fears grew over the impact of banking regulation.
The main FTSE 100 index dropped 0.56% to 5,273.21 as Lord Myners announced an independent review into the investment banking sector. Financials were hit by the announcement, with RBS dropped 1.79% to 34.06p, while Man Group dipped 1.61% to 268.1p. Wolseley shares climbed after the firm announced it would replace departing CFO Steve Webster with Alchemy Partners's John Martin, up 0.63% to £14.29. Miners made small gains in early trade, with Fresnillo up 0.49% to 716p, while Rio Tinto added 0.39% to £33.05 per share. US shares dived on Friday, with investors concerned about Presid...
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