FTSE 100 falls on Barclays slump
The FTSE 100 fell back one per cent in early trading to 4,461.44 by 08:45 BST after yesterday's rally as Barclays shares slumped.
Barclays slump" class="imageframe alignright" height="200" src="http://pictures.directnews.co.uk/liveimages/Barclays+branch_1455_19197437_0_0_7024356_300.jpg" width="200"/>The FTSE 100 fell back one per cent in early trading to 4,461.44 by 08:45 BST after yesterday's rally as Barclays shares slumped.
Shares in Barclays fell 12.33 per cent after one of the bank's Middle Eastern investors, Abu Dhabi firm International Petroleum, announced the sale of part of its stake.
British Land Co was also trading lower, and was down by 3.47 per cent, followed by a 2.9 per cent fall for HSBC shares.
Supporting the index was Kingfisher, up 8.11 per cent, and Home Retail Group, up by 3.62 per cent.
Miners Xstrata and Schroders were also up, by 2.45 per cent and 2.11 per cent.
Last night, US markets jumped on better than expected manufacturing data, with the Dow Jones and the S&P 500 both up 2.6 per cent.