Barclays weigh in on FTSE

The banking sector weighed on the London market today, led by Barclays after it agreed the terms of a merger with Dutch bank ABN Amro.

Barclays weigh in on FTSE
Mon, 23 Apr, 2007 - 13:22

The banking sector weighed on the London market today, led by Barclays after it agreed the terms of a merger with Dutch bank ABN Amro.

The stock was off nearly 2%, or 13p to 737p, as the agreed price came in above expectations and analysts questioned the cost savings estimated by the group.

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CourtsBusinessHeathrowPlace: LondonOrganisation: BarclaysOrganisation: FTSEOrganisation: ABN AmroOrganisation: Royal Bank of ScotlandOrganisation: FortisOrganisation: SantanderOrganisation: ABNOrganisation: HBOSOrganisation: Lloyds TSBOrganisation: HSBCOrganisation: ScottishOrganisation: NewcastleOrganisation: SABMillerOrganisation: DiageoOrganisation: AstraZenecaOrganisation: MedImmuneOrganisation: WhitbreadOrganisation: Alfred McAlpineOrganisation: LadbrokesOrganisation: 888 HoldingsOrganisation: 888
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