FTSE below 6,000.
Investors Chronicle - magazine and web content, February, 2008
More financial downgrades in the US depress sentiment Jonas Crosland
Leading indicies have failed to make any positive progress this morning as uncertainty in the financial sector once again weighed on sentiment. By lunchtime, the FTSE100 index was down 41.8 points at 5,984,4 while the FTSE250 index was off 114 points at 10,148. Trading volume, once again, remained thin at GBP891m.
Schroders was a leading faller, down 3.8 per cent to GBP10.61, FT.Com reports, as Morgan Stanley cut its stance on the fund manager from "equal-weight" to "under-weight". After an analysis of some of the group's funds, the bank said Schroders was the "most exposed to equity mutual fund redemptions, a trend that we think is underestimated by the market". Morgan Stanley...
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