Insurance a drag for FTSE

Worries about the margins achieved by UK insurers created a drag on the London market today.

Insurance a drag for FTSE

Worries about the margins achieved by UK insurers created a drag on the London market today.

The declines for the sector – mirrored by falls for banking stocks – caused the FTSE 100 Index to retreat from yesterday’s three-and-a-half year high, standing 14.9 points lower at 5362.6 by mid-morning.

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