RBS, Thomas Cook drag FTSE 100 down
RBS, Thomas Cook drag FTSE 100 down
Tuesday 24th November 2009
The FTSE 100 ended Tuesday down after reaching almost a year-high at the end of trading 24 hours earlier.The London index today dropped 31.54 points, 0.59 per cent, to 5,323.96.
Lloyds Banking Group led the gains following its share sale announcement.
The group, which is 43 per cent owned by the taxpayer, is selling shares at a discounted rate of 37p.
On the other end of the scale, Royal Bank of Scotland led the drops, down 3.94 per cent to 36.31p.
The drop came on the back of the news the Bank of England handed RBS and HBOS £61.1 billion in emergency funds at the height of the financial crisis last year.
Travel operator Thomas Cook also saw its share price drop 3.42 per cent to 206.20p.
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