UncategorizedAugust 14, 2008 1:04 pm
FTSE shares weaken, banks under pressure (AFP)
In late morning trading, the FTSE 100 index of top companies stood at 5,509.70 points, a drop of 0.45 percent.
Wall Street sank on Tuesday considered in the state of several major banks unveiled fresh losses reminding investors that an already lengthy credit crunch is noiseless biting pecuniary firms' balance sheets.
The European banking sector suffered a steep round of losses in stock market mercantile attached Wednesday.
In London, shares in HBOS sank 5.29 percent to 313.5 pence and the Royal Bank of Scotland dived 3.46 percent to 237 pence.
Original text: http://us.rd.yahoo.com/dailynews/rss/vocation/*http://news.yahoo.com/s/afp/20080813/wl_uk_afp/britainstocks
