Slight fall in FTSE

Shares in Barclays fell by more than 1% today after Goldman Sachs warned earnings estimates for the bank were too high in the current climate.

The City institution downgraded Barclays to sell from neutral and slashed its target price to 482p from 608p. The blue-chip stock fell 1%, or 6p to 503p, offsetting gains seen across the rest of the banking sector.