London's leading shares index managed to hold its head above water yesterday, despite heavy losses for the banking sector amid ongoing fears over the eurozone.
London's leading shares index managed to hold its head above water yesterday, despite heavy losses for the banking sector amid ongoing fears over the eurozone.
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Investors dumped financial stocks as borrowing costs in Spain moved past 6% and closer to the unsustainable levels that forced Greece, Portugal and Ireland to seek an EU bailout.
The FTSE 100 Index pared gains to close up 14.5 points at 5666.3, as positive US retail sales figures boosted sentiment and a takeover in the utility industry boosted the sector's stocks.
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