Irish funding concerns weigh on FTSE

The London market struggled to find direction today as sentiment was weighed down by ongoing fears of a bail out for Ireland’s troubled economy.

The FTSE 100 Index opened in the red as concerns grew that Ireland may soon be forced to apply to Europe for emergency funds, but later clawed its way into positive territory – up 6 points to 5802.9 – as investors looked to a higher start to trading on Wall Street.