months ago and he said the index will "bob aroundlike a cork in a rough sea for a long time yet," forecasting theFTSE 100 to close around 5
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Part state-owned lenders Royal Bank of Scotland andLloyds Banking Group were among the biggest fallers onthe FTSE 100, off 4.4 percent and 2.5 percent respectively.
Insurers fell, with RSA Insurance off 1.6 percent asUBS cut its rating on the stock to "neutral" in a downbeatreview of the sector on concerns over exposure to government andbanking debt.
COMMODS DECLINE
Energy stocks and miners , trackingcommodity prices lower, fell as investors became more riskaverse on the back of the Greece concerns.
ENRC , however, rose 1.5 percent, buoyed by aGoldman Sachs initiation at "buy" with a 1,100 pence targetprice
jimmy choo wedding , citing its product mix, emerging market exposure and lowcost base.
Engineers took a bashing, led by mid cap CharterInternational , which was down 25 percent after sayingfull-year results will be below expectations. That prompted PeelHunt to downgrade its rating for the stock to "hold".
Blue-chip peer IMI shed 1.3 percent, while mid-capCookson Group lost 4.6 percent.
Among blue-chip gainers, satellites operator Inmarsat was the top riser, up 4.6 percent, on media reports of acontract between its U.S. partner LightSquared and telecoms firmSprint.
Investec Securities said the contract could be worth up to150 pence per Inmarsat share.
Market heavyweight Vodafone added 1.7 percent
jimmy choo wedding , alsoon potential U.S. catalysts as the Financial Times's Lex columnhighlighted a thawing of relations between the British companyand U.S. partner Verizon .
International Airlines Group extended Friday'sgains
christian louboutin whole sale The Fed can do so, which followed an upgrade from broker Davy, rising 2.1percent, boosted by falling oil prices.
London's blue chip index bounced off a session low of5,647.23, helped as Wall Street rose as the UK marketclosed.
Atif Latif
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