The FTSE 100 opened slightly lower this morning after falls on Wall Street and in Asia, dipping 4.76 points (0.09%) to 5,493 in early trading.
Fund managers and life insurers lead this morning's early gains. Shares in Man Group rose 1.67% to 317p, while Schroders (non-voting) increased 1.34% to £10.58. Prudential was 1.19% higher to 637p. However, banks featured among the top ten fallers. Lloyds was down 1.18% to 55.31p, Barclays fell 1.14% to 313p, RBS dipped 1.12% to 34.39p and HSBC declined 0.78% to 722.70p. Royal Dutch Shell (B) is also weighing on the index, down 1.57% to £17.44. Meanwhile, Cadbury shares are flat in early trading as nemesis Kraft Foods increased its per share earnings expectations for 2009. In t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
