FTSE slips

The FTSE 100 Index lost ground today as gloom in the banking sector and more economic woes across the Atlantic rattled investors.

Record oil prices of more than US$103 (€67.85) a barrel and early losses in New York trading added to uncertainty in London, sending the FTSE 100 Index down 81.4 points, more than 1%, to 5884.3 by the close.