Morning Markets: FTSE 100 drops after yesterday's gains

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The FTSE 100 was down 53 points by 9am to 4,113 having gained yesterday on news of the US government'...

The FTSE 100 was down 53 points by 9am to 4,113 having gained yesterday on news of the US government's further $800bn pledge to unblock lending. Standard Life led the fall dropping 5.59% by 9am, while Standard Chartered lost 4.76%, having gained 17% by close of play yesterday. Man Group, Amec, Next and SABMiller also accounted for 1.6 points of the FTSE 100 fall. The Mid-250 index was steadier with a fall of just six points to 5,828. Although, Schroders fell to 695p, while New Star softened 1.5p to 14.5p after suspending trading in its flagship International Property fund after a run of...

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