London stock market opens lower

Special Report:Global Financial Crisis

LONDON, Feb. 27 (Chinese media) -- The London stock market opened lower on Friday as the FTSE 100 was down 76.91 points, or 1.96 percent, at 3,838.73 by 0900 GMT.

The banking shares led the early falls. The Lloyds Banking Group was the top loser, falling more than 11 percent after it said its HBOS subsidiary lost 10.8 billion pounds last year. The Royal Bank of Scotland was down 7.93 percent, and Barclays was up 5.93 percent.