FTSE 100 down almost one per cent
FTSE 100 down almost one per cent
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By Adam Leveridge. |  |
Thursday, 22, Oct 2009 05:49
FTSE 100 ended Friday down 0.96 per cent as a sell off in New York and UK GDP figures tomorrow took attentions.
The index ended the day at 5,207.36 - a fall of 50.49 points.
Lloyds Banking was up 3.61 per cent to 94.80p - leading the gains.
The lender rose after reports it was edging closer to announcing a rights issue and rumours that the Qatar Investment Authority was stepping in, after last week selling part of its stake in Barclays.
Vodafone was up 3.41 per cent as AT&T in the US posted better than expected third quarter profits, while BT climbed 1.45 per cent.
Inmarsat climbed 1.34 per cent and Bunzl rose 1.30 per cent.
British Airways was down 4.12 per cent while cruise operator Carnival fell 4.27 per cent - both suffering on oil price increases.
Old Mutual lost 3.95 per cent, Randgold lost 3.81 per cent and Prudential was down 3.29 per cent.
Over in New York, the Dow dropped under the 10,000 level early trading but rallied through the morning.
At 11:39 EDT (16:39 BST) the index was up 0.53 per cent to 10,002.26.
The S&P 500 was up 0.04 per cent.
European indices, however, saw drops with the Dax down 1.21 per cent and the Cac 40 down 1.35 per cent.
Philip Gillett at IG Index said shares in London were under pressure right from the start today after a sharp sell-off towards the close in Wall Street.
"Although we have seen a weaker market today, the FTSE 100 has only been knocked back to where it was on Tuesday," he said.
"With Friday seeing the release of the UK third-quarter GDP - the number that could officially confirm the country is out of recession - there is potential for a volatile end to the week, but traders still seem happy to position themselves for further gains from shares."