FTSE 100 slides in early trading
Monday 16th February 2009, 9:16AM GMT.
The FTSE 100 continued to fall in early trading, with banking stocks leading the decline.
By 08:35 GMT, the UK’s benchmark share index was down by 15.32 points to 4,174.27.
Lloyds Banking Group was the biggest faller on the index, down 9.93 per cent soon after opening to 55.30p.
Investors are concerned the bank may need to be nationalised after subsidiary HBOS was predicted to lose almost £11 billion over 2008.
Barclays followed with a 6.37 per cent fall to 94.10p, while Royal Bank of Scotland was trading at just 21.30p, 2.29 per cent lower than last night.
However, pharmaceutical stocks were trading higher on the index. Shire shares rose one per cent, while AstraZeneca was up 0.78 per cent.
In the US, the Dow Jones fell 1.04 per cent on Friday night as investors lost confidence in President Obama’s plan to rescue the economy, while in Asia, Japan’s Nikkei 225 fell 0.38 per cent.
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
