FTSE on the slide

Falls among banks offset more strong advances in the insurance sector today as HSBC plunged lower in the wake of its £12.5bn (€13.3bn) rights issue approval.

FTSE on the slide
Fri, 20 Mar, 2009 - 11:20

Falls among banks offset more strong advances in the insurance sector today as HSBC plunged lower in the wake of its £12.5bn (€13.3bn) rights issue approval.

Other banking stocks also gave back impressive gains seen in yesterday’s rally, with Barclays off 5%, or 5.9p to 106.6p.

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