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London stock market opens higher but then falls
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16:52, September 01, 2009

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The London stock market opened higher in early trading on Tuesday with the FTSE 100 index up by 3.62 points, but later it fell 11.06 points at 4,897.84, or 0.23 percent lower.

Shares in RSA Insurance fell 4.1 percent after press reports at the weekend said that the company was considering a rights issue of up to 600 million pounds.

Banking shares were among the early fallers on the market. Royal Bank of Scotland fell 3.8 percent and Lloyds Banking Group was down 2.9 percent.

Source:Xinhua



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