FTSE ends strong quarter on weak note, hit by falling banks

FTSE ends strong quarter on weak note, hit by falling banks
 

Britain's top share index dropped on Friday, taking the shine off a strong quarter, as banks fell on renewed uncertainty over Deutsche Bank's financial health and as a spate of broker downgrades hit outsourcer Capita.
The FTSE 100 was down 78.33 points, or 1.1 percent, at 6,841.09 by 0820 GMT, with financials taking 25 points off the index.
Banks followed the European sector lower after Germany's largest lender admitted it had an image problem with investors, although the bank played down a report that counterparties are wary about doing business with it.
"It's mainly speculation at... read more

 
30 September 2016 in World News, Views: 34
Source: Reuters
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