Leading shares have fallen back, weighed down by some poor corporate results and continuing worries about global growth, particularly in China.
LONDON - Lloyds Banking Group may cut as many as 9,000 jobs, or about 10 percent of its work force, and close some branches as part of a reshaping of its business for the digital age, according to a person familiar with the matter.
Pharmaceutical giant GlaxoSmithKline is considering floating its standalone HIV drugs business ViiV in a move that would propel the business into the FTSE 100's top 40 companies with a market valuation of up to �17billion.
Shares in Foxtons plunged 15% after the estate agent warned that the London's property market was cooling. The company, whose 50 branches operate mainly in the capital, reported a "sharp and recent slowing of volumes" in London sales.
The Bank of England could fire bank bosses and replace them with outside executives over a weekend should the bank collapse under new methods for dealing with failures.