Morning Markets: FTSE floored by flagging financials

The FTSE 100 has been floored this morning as poor financials and mining stocks drive the index down...

The FTSE 100 has been floored this morning as poor financials and mining stocks drive the index down 94.96 points, or 2.44%, to 3,803.89. Barclays is the worst performing stock so far this morning, reversing some of its large gains last week, down 9.9% to 156.6p. Compatriot Lloyds Banking Group is 6.7% lower to 71p. Kazakhmys is also heavily down, shedding 8.98% to 344.75p, on a tough morning for the miners. Xstrata is 7.32% behind to 440p and Lonmin is 7.07% lower to £13.28. Just four stocks are in the black so far, with TUI Travel 0.9% higher to 225p. Monday was a tough day for As...