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FTSE down as banks weaken

The FTSE 100 opened at 4,431 today but slipped in morning trades with banks falling hard.

By 12.06pm, the index was down by 0.67 per cent to 4,397 with Barclays down 6.8 per cent to 250.25p, Lloyds Banking Group down 3.9 per cent to 85.60p, HSBC down 5.6 per cent to 528.25p and Royal Bank of Scotland losing 7.8 per cent to 40.10p.


Manufacturing down but trade deficit shrinks

British manufacturing output fell 5.5% in the first quarter of 2009 compared with the previous quarter, according to the Office for National Statistics (ONS). Meanwhile, in a separate release, the ONS said that Britains trade deficit on trade in goods and services narrowed to 2.5 billion in March from 2.8 billion in February. Excluding oil […]


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