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European equities markets were lower again Thursday, with declines continuing on concerns that debt problems will spread from Greece to other nations in the region as speculation circulated that Spain and Portugal will be the next economies to need bailouts.
The FTSE 100 was 1.52 percent lower in London, while the FTSE 250 fell 0.8 percent to 9,902.74.
Banks were lower after Moody’s Investors Services issued a report saying that banks in the UK and Ireland as well as in Portugal, Spain and Italy are threatened by the debt crisis.
Barclays Bank (LSE: BARC) led declines on the 100 as it dropped 6.25 percent while Lloyds Banking Group (LSE: LLOY) fell 5.76 percent, Standard Chartered (LSE: STAN) was 4.67 percent lower and Royal Bank of Scotland (LSE: RBS) dropped 4.31 percent.
The biggest decline in London came on the 250, where Talvivarra Mining Company (LSE: TALV) led miners lower as it fell 10.05 percent, but Gem Diamonds (LSE: GEMD) was one of four gainers in the sector and topped the winners list on the 250 as it added 5.9 percent.
Asset managers Schroders’ voting shares (LSE: SDR) led gains in London and on the 100, adding 6.11 percent, while non-voting shares (LSE: SDRt) followed with an advance of 4.81 percent.
Cairn Energy (LSE: CNE) was up in a mixed energy sector, adding 1.22 percent after Exane BNP Paribas upgraded the oil explorer from “neutral” to “outperform”, while Salamander Energy (LSE: SMDR) was up 1.88 percent for the best performance in the sector but Hansen Transmission International (LSE: HSN), which makes gearboxes for wind turbines, …
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Tags: Banks, company, debt, finance, Investments, markets, UK
