FTSE ends the week in the red

The London market ended the week in the red after a downbeat note on housebuilding and as oil prices began falling again.

Shares in the main listed UK housebuilders dropped by as much as 5% after broker Jefferies warned that economic and political uncertainty had clouded the outlook for mortgage approvals and housing transactions.

The FTSE 100 Index was 68.8 points lower at 6501.1, as Brent crude fell below $50 a barrel.