FTSE 100 down despite jobs market boost

Wednesday 20th January 2010

The FTSE 100 started the day slightly down on Wednesday, despite the news unemployment in Britain slipped slightly between September and November last year.

At 09:42 GMT the London index stood at 5,491.72, a drop of 21.42 points or 0.39 per cent.

Imperial Tobacco Group led the drops, down 3.49 per cent to 1,993p in early trading.

Also suffering in the morning's activity were Xstrata, down 2.51 per cent, and Thomas Cook Group, slipping 2.46 per cent.

Shares in the pharmaceuticals manufacturer Shire rose 2.2 per cent following JP Morgan's decision to upgrade its rating.

Rentokil Initial also rose 2.14 per cent to 119.1p in the first hour of so of trading. ADNFCR-1783-ID-19566992-ADNFCR

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