Market overview: FTSE 100 is down 45

15.05.2008

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0820: FTSE 100 is 45 points lower at 6,170 in early dealings with banks dominating the fallers after Barclays saw first quarter profits drop on £1bn worth of new credit crunch related write-downs. HBOS, Royal Bank of Scotland, Lloyds TSB, Alliance & Leicester and Barclays are all among the top fallers. SABMiller is one of the strongest risers after the brewing giant's full year profits rose more than expected.

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Market overview: FTSE 100 is down 45

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