Lloyds Banking shares weigh on FTSE 100
Wednesday 20th May 2009, 9:09AM BST.
A plunge in Lloyds Banking Group’s share price after the offer to buy shares at a discount closed sent the FTSE 100 lower in early trading.
The index dipped 3.82 points to 4,478.43 by 08:40 BST, led by a 25.42 per cent fall in Lloyds Banking shares to 74.8p.
Tuesday was the last day to buy shares and qualify to take part in a £4 billion rights issue from the lender.
HSBC shares were also trading lower, and fell 2.04 per cent, while Royal Bank of Scotland dropped 1.39 per cent.
But mining groups were supporting the index, and Lonmin was up 3.92 per cent, Randgold Resources was up by 1.65 per cent, while Rio Tinto rose 1.53 per cent.
In the US, the Dow Jones was off by 0.34 per cent after a late fall in financials, while the S&P 500 fell 0.17 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
