Britain's FTSE lingers at lowest level in more than three years

LONDON, Rabi’II 11, 1437, January 21, 2016, SPA — Britain’s top share index lingered on Thursday at its lowest level in more than three years, as leading financial stocks lost ground while oil prices weakened further, Reuters reported.

However, media and education publisher Pearson outperformed the weaker market to surge nearly 10 percent after investors welcomed its plans to cut costs.

The blue-chip FTSE 100 index was flat at 5,676.98 points in early session trading, but remained near its lowest level since late 2012.

The FTSE had slumped 3.5 percent on Wednesday, and is some 20 percent below a record high of 7,122.74 points reached last April. The FTSE 100 is down nearly 10 percent since the start of 2016.
–SPA
13:06 LOCAL TIME 10:06 GMT