Downgrades Result in Very Sluggish Session ; Market Report

Summary


The FTSE 100 Index yesterday endured a sluggish session after downgrades for leading blue-chips including banking giant Barclays.

Progress was also hampered by early losses on Wall Street after investment bank Morgan Stanley took fresh write-downs on sub-prime mortgages.

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Extract


Downgrades Result in Very Sluggish Session ; Market Report

The benchmark index traded in a narrow range on a slow day for corporate news, finishing 5.2 points ahead at 6284.5.

Meanwhil...

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