FTSE ends at lowest for three weeks
FTSE ends at lowest for three weeks
Monday 30th November 2009
The FTSE 100 finished Monday at its lowest closing level for three weeks, down 1.05 per cent or minus 55.05 points.Britain's leading share index was pulled down by concerns over Dubai's debt issues and a weakness in oil majors.
Energy issues were the biggest drag on the FTSE, while an announcement yesterday from the United Arab Emirates that banks would be offered emergency support softened the blow of last week's debt announcement.
Cairn Energy however managed to buck the trend among energy suppliers, with a gain of 1.3 per cent helped by North Atlantic expansion.
Unfortunately for Lloyds Banking Group, they saw themselves top of the blue-chip fallers, ending the day 5.9 per cent down, while Barclays, RBS and Standard Chartered also shed.
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