London's stocks opened lower on Thursday morning after losses on Wall Street, profits warnings from US companies and increasing tension over Iraq
Aviva shed 1.8% and Legal & General shed 3.2% in e ...
London's stocks opened lower on Thursday morning after losses on Wall Street, profits warnings from US companies and increasing tension over Iraq.
Aviva shed 1.8% and Legal & General shed 3.2% in early trading to lead the early decliners.
The FTSE 100 opened 1% lower at 3,866.4 and the FTSE Techmark dropped 0.4% to 633.3.
The early falls are a blow to the sector which had enjoyed slight gains yesterday.
Global strategist at investment bank ABN Amro Chris Johns said: "We've seen several sharp rallies on short-covering like this one on Wall Street several times recently, by choice I would call them bear-market bounces. They have faded quickly and slowly, but they have all faded."
