FTSE falls Tuesday morning
The FTSE 100 share index fell early on Monday. By 8:34 the index had fallen 1.2 per cent by 63.8 points to 5,234.6.
FTSE gains as metals spur minersBanks fell with Barclays, HBOS, HSBC, Lloyds TSB, Royal Bank of Scotland and Standard Chartered dropping 1.8 to five per cent. Mid-cap Alliance & Leicester also fell 4.4 per cent after rising 50 per cent on Monday following news of a takeover by Spanish bank Santander.
Miners also saw their share values decline with Anglo American, BHP Billiton, Eurasian Natural Resources, Kazakhmys, Lonmin, Rio Tinto, Vedanta Resources and Xstrata down 1.2 to 3.2 per cent.
Retailers were down with Carphone Warehouse, Kingfisher, Marks & Spencer and Next falling 1.4 to three per cent.
Housebuilders made more losses with Barratt Developments, Bellway, Bovis Homes, Persimmon and Redrow down 1.8 to 4.9 per cent.
BT Group also lost 2.2 per cent after announcing it planned to invest £1.5 billion into getting super-fast broadband for as many as 10 million homes by 2012.
- 1 Local private investors could miss an upturn
- 2 BoE expected to hold interest rates steady at 5 pct
- 3 Markets see ECB rates on hold through first half of yr
- 4 Fears of slowdown could veer China into trouble
- 5 BP Russian partners say row solved
- 6 U.S. corporates look to hedge as dollar rebounds
- 7 Utility windfall profits in tax spotlight
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