FTSE sees confidence lift

Better-than-expected results from HSBC and Pearson failed to lift confidence on the London market today following last week’s turmoil.

The FTSE 100 Index furthered last week’s 370-point loss, closing down 9.1 points at 6206.1, despite a strong performance from the mining sector, with continued concerns over the economic outlook in the US continuing to weigh on the market.