FTSE weaker.
Investors Chronicle - magazine and web content, February, 2008
Shares drift lower on fresh banking worries. Jonas Crosland
Leading shares have drifted lower this morning in very quiet trading. Volume is about half the daily average at GBP681m as a result of many operators taking time off for school half-term. By lunchtime, the FTSE100 index was off 29.4 points at 5,754.6, while the FTSE250 index was 74 points lower at 9,733.
Financial stocks led the way lower on fears that banks will require further writedowns related to complex debt securities, as a new report showed the market for collateralised debt obligations (CDOs) had its worst month in January for more than 10 years, FT.Com reports.
Speaking at the G7 meeting in Japan this weekend, Peer Steinbruck, German finance minister, said write-offs...
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