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FTSE fizzles with unemployment fears

The FTSE 100 opened higher today at 3,871.27 on Tuesday’s close of 3,857.10 but dipped as low as 3,837 following unemployment figures out from The Office for National Statistics.

Opening gains on the blue-chip index had flattened by 10.30am, up 0.06 per cent to 3,859.76 after a report showed UK unemployment had hit 2m following a record rise in job losses last month.

Some financial stocks earlier gains, with Lloyds down 0.62 per cent to 47.70p, HSBC down 2.88 per cent to 446.75p and

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