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Old 08-03-2011, 05:19 AM   #1
Bruce0p9y
 
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months ago and he said the index will "bob aroundlike a cork in a rough sea for a long time yet," forecasting theFTSE 100 to close around 5 jimmy choo wedding ,800 by year-end.
Part state-owned lenders Royal Bank of Scotland andLloyds Banking Group were among the biggest fallers onthe FTSE 100, off 4.4 percent and 2.5 percent respectively.
Insurers fell, with RSA Insurance off 1.6 percent asUBS cut its rating on the stock to "neutral" in a downbeatreview of the sector on concerns over exposure to government andbanking debt.

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Engineers took a bashing, led by mid cap CharterInternational , which was down 25 percent after sayingfull-year results will be below expectations. That prompted PeelHunt to downgrade its rating for the stock to "hold".
Blue-chip peer IMI shed 1.3 percent, while mid-capCookson Group lost 4.6 percent.
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London's blue chip index bounced off a session low of5,647.23, helped as Wall Street rose as the UK marketclosed.
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