Tuesday, June 26, 2007

FTSE dips 0.5 pct on US subprime concerns, BAE

(Reuters) - Britain's top share index fell 0.5 percent early on Tuesday, tracking losses in U.S. and Asian markets as worries over U.S. subprime mortgages persisted, while BAE Systems sank on news of a corruption probe.

At 0741 GMT the FTSE 100 was down 31.5 points, or 0.48 percent at 6,556.9, moving back into negative territory after breaking a five-day lossing streak on Monday as financial and commodity shares weighed. European shares also slipped.


Read more at Reuters Africa

No comments: