US concerns ground FTSE

The London market was grounded today as concerns regarding the US sub-prime mortgage sector resurfaced following two days of gains.

US concerns ground FTSE
Thu, 09 Aug, 2007 - 12:23

The London market was grounded today as concerns regarding the US sub-prime mortgage sector resurfaced following two days of gains.

The FTSE 100 Index was down more than 1%, or 70 points at 6323.9, as banking stocks weighed heavily after French bank BNP Paribas froze more than £1bn of funds after citing problems in the US sub-prime sector.

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CourtsBusinessHeathrowPlace: USPlace: LondonPlace: UKOrganisation: BNP ParibasOrganisation: BarclaysOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: BAE SystemsOrganisation: SchrodersOrganisation: Daily Mail & General TrustOrganisation: AvivaOrganisation: Norwich UnionOrganisation: Standard LifeOrganisation: CazenoveOrganisation: Spirent Communication
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