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London stock market sheds on bank shares
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19:06, May 15, 2008

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The London stock market shed in early trading Thursday as bank shares came under pressure again after Barclays reported a further 1-billion-pound write down of assets.

By 0729 GMT, the benchmark FTSE 100 index was down 35 points, or 0.6 percent, at 6,181.

Barclays shares fell 1.9 percent while among its rivals, HBOS dropped 4.1 percent and Lloyds TSB was 2.6 percent down.

Currys-owner DSG fell 9 percent after it said it was cutting its dividend as part of a plan to revive the retail group.

Brewer SABMiller rose 2.7 percent after it reported better-than-expected annual profits.

Source: Xinhua



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