FTSE drops early on Thursday
The FTSE 100 share index fell early on Thursday. By 9:42 the index had dropped 69.5 points down to 6,014.1 (down 1.1 per cent).
FTSE gains as metals spur minersBanks began the day badly, Barclays fell 2.0 per cent, HBOS was down 2.6 per cent, whilst Royal Bank of Scotland dropped 3.1 per cent.
Fund firm Schroders also saw its shares decline by 3.2 per cent following news of a drop in profits.
Miners also had a difficult start, with Anglo American, BHP Billiton and Rio Tinto all falling 3.2-7.6 per cent.
Oil companies fell with BP and Royal Dutch Shell down 0.9 and 2.3 per cent respectively.
Housebuilders Barratt Developments and Persimmon saw their share values decline by 11.5 and 7.6 per cent respectively.
Punch Taverns also fell 4.4 per cent, whilst fellow pub company Mitchells && Butlers dropped 3.6 per cent.
Pharmaceutical company AstraZeneca was one of the few early winners, rising 0.6 per cent ahead of news of its first quarter results.
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