Thu, 05 Jan 2012 13:46:04 GMT
FTSE 100 drops 0.7% amid Europe's uncertainty
UK FTSE 100 index gave up 0.7% and was trading at 5,628 on Thursday as several European banks posted losses. Moreover, Financial times reported Spanish lenders might be forced to set aside $65 bn to cover additional provisions on bad mortgages. Next Plc. lost 2.15%, Tesco dropped 2.19% and Vodafone Group declined 2.08%. The index partly recovered in the afternoon