FTSE 100 declined 2.1% or 125.9 points to close at 5,870.1
by Greg Secker on Apr.20, 2011, under Greg's Blogs
UK Report 19th April 2011
UK markets dipped sharply yesterday, with the FTSE 100 index falling the most in five months, as persisting worries over European sovereign debt and a US credit rating outlook downgrade by S&P’s sparked a selloff. Miners, Antofagasta, Anglo American and Kazakhmys, lost between 3.8% and 5.0%, as base metal prices slipped. Possible Greek debt default fears weighed on banks, Barclays, Lloyds Banking Group and Royal Bank of Scotland Group, all down between 2.0% and 3.6%. Resolution, down 4.8%, led insurers lower, after UBS removed the stock off its “buy” list and cut the company’s earnings forecasts by about 30%.
FTSE 100 declined 2.1% or 125.9 points to close at 5,870.1. FTSE 250 eased 1.6% or 188.5 points to 11,490.8.
