Newspaper article The Journal (Newcastle, England)

RBS Shares Fall as Finance Director Quits for Rival; FTSE 100

Newspaper article The Journal (Newcastle, England)

RBS Shares Fall as Finance Director Quits for Rival; FTSE 100

Article excerpt

Byline: thomas smith Brewin Dolphin

THE FTSE 100 index weakened for the second consecutive day this week as investor attention remains fixated on news from the US. The index fell 16 points to close at 6508. Comments from a number of US officials have raised expectations that the Federal Reserve will announce the tapering of its economic stimulus programme next week.

Within the UK's leading index mining constituents lagged. Randgold Resources and Anglo American closed down 2.2% and 1.7% respectively.

London-based Bunzl, the distribution and outsourcing company, said that overall trading for the year to December 31 is in line with its expectations. The group expects 12% growth in revenue for the full year. Bunzl's shares closed down 0.8%.

Royal Bank of Scotland was amongst the worst performing stocks of the day, after it was announced that its finance director is leaving to join rival Santander UK, just 10 weeks after joining the part state-owned bank. …

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