FORMER City favourite The latest downgrade stemmed from the impact of a stronger pound on international sales.
This means banks will have to pay the ECB to deposit cash rather than receive interest.
The stimulus measures, including a cut in interest rates from 0.25 per cent to 0.1 per cent, came on a day when Bank of
As a result, sterling strengthened against the euro, at 1.23, while it also improved against the US dollar at 1.68.
In corporate news, the warning from
Outside the top flight,
Housebuilder Persimmon was the biggest faller in the
Shares fell more than five per cent or 70p to 1262p, although
In corporate updates,
However, the impact of the profits warning from
The biggest risers in the
The Dow and the S&P 500 ended at a new record on Thursday after the
The Dow Jones industrial average rose 98.58 points or 0.59 per cent, to 16,836.11, the S&P 500 gained 12.58 points or 0.65 percent, to 1940.46 and the Nasdaq Composite added 44.59 points or 1.05 per cent, to 4296.23.
The ECB cut the deposit rate to -0.10 percent and launched a series of measures to pump money into the sluggish eurozone economy.
It stopped short of full-fledged quantitative easing, but ECB President
Sprint has reportedly agreed to pay about
FORMER City favourite
The latest downgrade stemmed from the impact of a stronger pound on international sales.