Business

Bank shares shine in falling FTSE 100

Trader watching monitor Image copyright AFP

(Close): Banks Barclays, Royal Bank of Scotland, HSBC and Lloyds were four of the five best risers, with RBS climbing more than 2%.

Ashtead Group, which provides construction equipment, was the biggest faller on the FTSE 100, dropping more than 4%.

Whitbread shares lost close to 4% of their value following a negative note from analysts at Barclays.

The FTSE 100 was down 81 points, or 1.19%, at 6776.95 points.

On the FTSE 250, motor insurer AA climbed 4% after an uprating from Morgan Stanley.

Pub chain JD Wetherspoon was 2.4% higher after posting record full-year profits and bullish comments about the UK's prospects post-Brexit by chairman Tim Martin.

Rival pub group Greene King was down 6%, though, after saying the referendum vote had led to "a softening of some economic indicators and a reduction in consumer confidence".

Trade figures showing the UK's deficit with the rest of the world narrowed slightly.

The pound drifted down 0.26% against the dollar at $1.3261. Against the euro, it was little changed at €1.1829.