FTSE 100 flat as insurers weigh
FTSE 100 flat as insurers weigh
Friday 3rd July 2009
The FTSE 100 remained flat, closing just 0.05 per cent higher at 4,236.28, as a rise in banking stocks offset a fall in the insurance sector.Barclays was up by 2.77 per cent, while Lloyds Banking Group rose by 2.43 per cent and Royal Bank of Scotland was trading 2.35 per cent higher.
But Friends Provident plunged 6.73 per cent, while Old Mutual was down by 3.39 per cent and Standard Life fell 1.68 per cent.
British Airways was the highest riser on the index with a 5.46 per cent surge on the airline's passenger numbers for June.
In the US investors were still cautious following yesterday's job figures.
The Dow Jones index dropped 2.63 per cent, while the S&P 500 was down by 2.91 per cent as the markets headed into lunchtime.
Related News
London firms loses £6m after rogue trader's oil trades - 03/07/09
A London broker has lost £6 million after an alleged rogue trader made substantial authorised bets on the oil market
A London broker has lost £6 million after an alleged rogue trader made substantial authorised bets on the oil market
Darling warns bankers to avoid past mistakes - 03/07/09
The chancellor has warned the consequences would be "disastrous" if bankers reverted to past practices amid signs of economic recovery
The chancellor has warned the consequences would be "disastrous" if bankers reverted to past practices amid signs of economic recovery
Record repayments on mortgages in first quarter - 03/07/09
The sharp fall in house prices has resulted in record mortgage repayments of £8
The sharp fall in house prices has resulted in record mortgage repayments of £8
FTSE 100 flat after falls - 03/07/09
The FTSE 100 was flat this morning after yesterday's sharp falls on US unemployment data
The FTSE 100 was flat this morning after yesterday's sharp falls on US unemployment data
Fifth of local councils see some evidence of upturn - 03/07/09
One in five local councils claim to have witnessed some evidence of an upturn in their local economies, but concerns still exist as unemployment rises and business continue to rise
One in five local councils claim to have witnessed some evidence of an upturn in their local economies, but concerns still exist as unemployment rises and business continue to rise
News Article Search
Quick Apply
News Archive