ICAP causes FTSE 100 to end week down

ICAP causes FTSE 100 to end week down

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Friday, 05, Feb 2010 05:11

The FTSE 100 slumped significantly at the end of the week, thanks in main due to a profits warning from the inter-dealer broker ICAP.

At the end of the day the London index stood at 5,060.92, a drop of 78.39 points, or 1.53 per cent.

Leading the drops on Friday was ICAP which fell a massive 19.47 per cent. Lloyds Banking Group also fell 5.72 per cent, with Xstrata down 5.19 per cent.

The biggest winner on the day was Compass Group, which rose 5.19 per cent to 450p.

Despite the fact the defence company announced it had agreed to pay fines of over £280 million following a corruption case, shares in BAE Systems rose 1.59 per cent.