Banking and property drag down FTSE

Banking and property stocks weighed heavy on the London market today as fears over the US high-risk mortgage market persisted.

Banking and property drag down FTSE
Wed, 11 Jul, 2007 - 15:04

Banking and property stocks weighed heavy on the London market today as fears over the US high-risk mortgage market persisted.

The FTSE 100 Index failed to lift out of the red following yesterday’s plunge amid sub-prime home loan concerns in America, standing 20.8 points down at 6610.2 in mid-morning trading.

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