Falls in banking sector hit Footsie index

The FTSE-100 Index was down 10 points at 5198.5 after an hour's trading as banking shares - led by Abbey National - took a battering.

Falls in banking sector hit Footsie index
Fri, 30 Nov, 2001 - 10:24

The FTSE-100 Index was down 10 points at 5198.5 after an hour's trading as banking shares - led by Abbey National - took a battering.

Abbey saw its shares slide by 4% or 40p to 995p after saying its lending exposure to crippled US energy firm Enron amounted to £115m.

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CourtsHeathrowPlace: USOrganisation: Abbey NationalOrganisation: AbbeyOrganisation: EnronOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: Standard CharteredOrganisation: BarclaysOrganisation: ShellOrganisation: BPOrganisation: GlaxosmithklineOrganisation: Cable & WirelessOrganisation: Exodus CommunicationsOrganisation: WolverhamptonOrganisation: Dudley
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