City News

110 leading City figures back leaving EU

The signatories cited red tape and problems with the European single currency

More than one hundred City leaders have thrown their weight behind leaving the European Union, arguing that the euro and red tape threatens to hold back UK firms.

RBS and IAG lead London top flight lower

The FTSE 100 Index fell 40.9 points to 6282.5

The London market opened on the back foot, after Royal Bank of Scotland (RBS) reported a first-quarter pre-tax loss of £968 million - more than double last year's figure of £446 million.