FTSE 100 falls 1.1%

19-08-2008

FTSE 100 falls 1.1%
The FTSE 100 dropped 1.10 per cent in the first hours of trading to 5.390.00 down 60.40 points.

Miner Xstrata rose 2.09 per cent, while medical equipment manufacturer Smith & Nephew was up 1.54 per cent.

Scottish & Southern Energy gained 1.46 per cent and BG Group was up 1.09 per cent – despite the board of Origin Energy dismissing its bid. Miner Rio Tinto rose one per cent.

Property firm Hammerson dropped 4.88 per cent, while HBOS fell 4.76 per cent 4.76 per cent as concerns grew about further losses in the US mortgage market.

Marks & Spencer was down 4.5 per cent after reports it could be introducing management job losses, while Legal & General and Prudential fell 4.07 per cent and 4.00 per cent respectively as traders got cold feet over insurance.

Rumours also spread among traders that the apocalypse will soon be upon us and the four horsemen were already cantering over the Russia steppes - causing a 6.66 per cent share price fall for Punch Taverns.

Sterling was down 0.12 per cent against the euro and 0.25 per cent against the dollar, making £1 worth €1.26705 and $1.85700. €1 buys £0.78919.




Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure