The London stock market opened lower on Thursday as the gloomy prediction of house prices led shares of banks and house builders down.
By BST 0831, the FTSE 100 went down 22.80 points, or 0.40 percent, at 5,734.10.
After it predicted that British house prices would fall 9 percent in 2008, banks and house builders share were down in early trade, with HBOS down 4.6 percent, Barclays 3.9 percent, and Royal Bank of Scotland 3.3 per cent. And Persimmon dropped 6.2 percent, Barratt 5.3 percent.
Source:Xinhua
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