LONDON (Reuters) - The blue-chip index fell by midday on Friday, as a profit warning from Munich Re weighed on insurers, while banks tracked lower U.S. financials on concerns about their health after weak housing data. By 11:33 a.m., the FTSE 100 <.FTSE> was down 42 points, or 0.8 percent at 5,320.6, after losing 1.6 percent on Thursday. Banks were the biggest drag on the index after U.S. financial companies, which have incurred huge losses from the housing slump, slid overnight after data showed June sales of existing homes hit a 10-year low. The U.S. banks stocks index <.BKX> fell 6.7 percent after rising about 40 percent over the past week. Royal Bank of...
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