FTSE finishes down on Friday
The FTSE 100 share index fell on Friday. By the end of the day the index was down 1.2 per cent by 63.8 points to 5,412.8.
FTSE up as energy stocks gainBanks were down again with Barclays, HBOS, HSBC and Standard Chartered down 2.1 to 4.5 per cent. Bradford & Bingley saw its share values decline 18 per cent after announcing it planed to increase its right issue to £400 million, after US investor TPG Capital pulled out of buying a stake in the bank.
Insurer Friends Provident also fell 6.9 per cent.
Oil firms were down with BP falling one per cent, Royal Dutch Shell down 1.3 per cent and Tullow Oil down 2.2 per cent.
Retailers did better with Sainsbury, Tesco and Wm Morrison Supermarkets flat to 5.2 per cent higher. Marks & Spencer however dropped 3.8 per cent following a surprise profit warning on Wednesday.
- 1 RBS gets Chinese approval for Suzhou stake
- 2 June retail sales fall less than expected
- 3 Birth control battle weighs on Philippine economy
- 4 Saudi Telecom in sponsorship deal with Man United
- 5 Glasgow loss deals blow to Labour
- 6 Besley says fighting inflation tough task
- 7 Asia stocks at two-year low
- 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
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- 1 Commodities and China hopes lift FTSE in early trade
- 2 Asia stocks plumb two-year low
- 3 FTSE falls 1.1 pct as fresh credit fears hit banks
- 4 Oil falls below $112 a barrel to 4-month low
- 5 Asia stocks at two-year low
- 6 Oil rises over $1 on Gulf of Mexico storm threat
- 7 FTSE up as crude falls ease inflation fears
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