Petrofac and BG shares among FTSE fallers
A surge in Spain's borrowing costs to within bail-out territory triggered another session of losses for London's leading shares index today.
A surge in Spain's borrowing costs to within bail-out territory triggered another session of losses for London's leading shares index today.
London shares recovered from the early blow of shock £1.2billion trading losses at JPMorgan Chase, America's biggest bank, to finish higher today.
Disappointing economic data in the US and a lack of new stimulus measures in Europe left world markets struggling to make progress today.
Weaker than expected US GDP figures and a downgrade for Spain failed to stop world markets finishing the week on a high today.
Hope that more stimulus measures would be ordered to boost the world's biggest economy helped lift London's leading shares index through the 5,900 mark today.
The FTSE 100 Index was 46.3 points lower at 5,845.7 today, a fall of nearly 1%, after manufacturing figures in both China and the eurozone came in below expectations.
London's leading shares index lost its momentum today as a stronger dollar hit the heavily-weighted resources sector and dragged the market into the red.
Banks led London's leading shares index higher today after Royal Bank of Scotland (RBS) said trading improved in its core businesses despite total losses of £2billion.
Banks led London's blue chip shares index lower today as investors waited for further details about the eurozone rescue plan.