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Markets

LSE Volume: 1,237 M
Avg Vol: 2,609 M -53%
Fallers
3,452
Unchanged 700
Risers
2,561

FTSE down modestly in early deals as the banks weaken

MORNING REPORT: Headline shares were down modestly in early deals this morning, the main index led lower by weakness in the banking sector, as investors continue to fret over ongoing Eurozone problems.

Aviva reports a fall in long-term savings sales in first-quarter

Insurance giant Aviva said this morning that operating profit for the first quarter of 2012 is marginally down compared to the same period last year due to the deconsolidation of Delta Lloyd and the sale of RAC.

The Press Roundup

A brief summary of Thursday's main business headlines... Extensive coverage of Greece and the euro, UK jobs, Diamond bonus, Greggs pasty tax.

Moody boosts Intertek

Product tester Intertek Group said at constant exchange rates, year to date organic revenue growth was 9.5%, while Moody has been successfully integrated.

Invensys profits slip

Process control specialist Invensys today reported operating profit of £209m for the year to end-March, down from £262m in the previous year.
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