By 09:54 GMT the London index was down 42.66 points, 0.81 per cent, to 5,203.07.
As with last week the banks were continuing to suffer in face of the worries over Dubai's economic structure.
Royal Bank of Scotland saw its shares drop 3.94 per cent to 33.36p.
The revelation that Dubai World, a government holding company, would need to delay repayment of their £35 billion debt has sent shock waves through the global markets last week.
However, the FTSE 100 remained relatively stable in early trading.
Thomas Cook saw some of the biggest gains in the morning, up 1.57 per cent after announcing rising annual profits.
As with last week the banks were continuing to suffer in face of the worries over Dubai's economic structure.
Royal Bank of Scotland saw its shares drop 3.94 per cent to 33.36p.
The revelation that Dubai World, a government holding company, would need to delay repayment of their £35 billion debt has sent shock waves through the global markets last week.
However, the FTSE 100 remained relatively stable in early trading.
Thomas Cook saw some of the biggest gains in the morning, up 1.57 per cent after announcing rising annual profits.
No comments:
Post a Comment