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FTSE slightly down in midday trade FTSE down as HSBC declines
(about 4 hours later)
(Noon): London's benchmark index of blue-chip stocks was slightly behind at midday, with investors mulling over the continued Greek debt crisis and news of vast job cuts at HSBC. (Close): London's benchmark index of blue-chip stocks declined with investors unimpressed by news of vast job cuts at HSBC.
At noon on Tuesday the FTSE 100 was down by 17 points, or 0.25%, at 6773.12. At the close on Tuesday the FTSE 100 was down by 0.53%, at 6753.8.
Bank giant HSBC was down by 1% after announcing plans to cut 25,000 jobs globally, including 8,000 in the UK. Bank giant HSBC fell 1% after announcing plans to cut 25,000 jobs globally, which includes 8,000 in the UK.
Winners included Reed Elsevier, Mondi, BT Group, and Intu Properties.Winners included Reed Elsevier, Mondi, BT Group, and Intu Properties.
Miners led the fallers, with Anglo American and Rio Tinto down by 1.96% and 1.54% respectively. Miners led the fallers, with Anglo American and Rio Tinto down by 2% and 1.33% respectively.
Other lunchtime losers included Admiral Group and Aviva.Other lunchtime losers included Admiral Group and Aviva.
On the currency markets, the pound was down 0.36% against the dollar to $1.5294, and down 0.24% against the euro to €1.3565. On the currency markets, the pound was up 0.16% against the dollar to $1.5374, and up 0.23% against the euro to €1.3629.