Markets
FTSE falls early on Thursday
By Richard Williams
Font Scale: 
Posted 08 May 2008 @ 08:35 am GMT
The FTSE 100 share index dropped early on Thursday. At 8:39am the index was down 37.6 points to 6,223.4 (down 0.6 per cent).
The London Stock Exchange in an undated file photo. IBTimes/Alan Channer
Article Tags 
ftse index share thursday
FTSE gains as metals spur minersBanks were among the early losers with Barclays, HBOS, HSBC, Lloyds TSB, Royal Bank of Scotland and Standard Chartered all down 0.2-2.3 per cent each.
Carphone Warehouse was also down 3.1 per cent after announcing it would be selling a 50 per cent stake in its retail unit to US company Best Buy.
Insurance firms also were among the early losers with Old Mutual down 1.9 per cent and Royal and SunAlliance down 2.3 per cent.
Oil firms BP and Royal Dutch Shell also saw their share values fall.
Early gainers included Next, up 6.5 per cent, and software company Sage Group, who rose 2.4 per cent.
This article is copyrighted by the International Business Times.
Most Popular Stories
- 1 Banks may avoid worst of household debt pain
- 2 FAA proposes 3.8 million fine against American
- 3 Swaps spreads highlight credit stresses
- 4 Slower economy saps climate action
- 5 Besley says fighting inflation tough task
- 6 Poll shows leader swap would not save Labour
- 7 Weak sterling may not curb recession
|
Top Stories on Markets
- 1 U.S. crude rises above $116 on geopolitics
- 2 Asia stocks and dollar slip as oil climbs
- 3 Commodities and China hopes lift FTSE in early trade
- 4 Asia stocks plumb two-year low
- 5 FTSE falls 1.1 pct as fresh credit fears hit banks
- 6 Oil falls below $112 a barrel to 4-month low
- 7 Asia stocks at two-year low
|
|
