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Elsewhere Serco has slumped 99.7p to 217.4p after the outsourcing group announced a £550m cash call after cutting its profit forecast amid deteriorating trading.
Deteriorating trading conditions have hit all kinds of retailers, including clothes shops and electrical chains, with consumers cutting their discretionary spending as the cost of energy, food and other essentials have risen.
The shortfall between exports and imports widened from £8.6bn in the third quarter to £10.4bn, fuelling concerns that UK's deteriorating trading position will be a drag on GDP growth this year.
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Most countries outside East Asia suffered a deteriorating trade balance with China from 2001 to 2008.
In short, its status as a safe haven has overridden qualms about its deteriorating trade position.
Between them, the deteriorating trade positions with China and the European 15 account for 46percentt of the overall deterioration in the trade balance since 1992.
Deteriorating trade relations between the world's number one debtor and its number one creditor are enough to keep any banker awake at night.And America needs China for a lot more than T-bonds.
Nixon's New Economic Policy, announced in August 1971 in response to continuing inflation, increasing unemployment, and a deteriorating trade deficit, included an 8 percent devaluation of the dollar, new surcharges on imports, and unprecedented peacetime controls on wages and prices.
He could explain that we're facing deep fundamental problems: an aging population, overleveraged consumers, exploding government debt, state and local bankruptcies, declining human capital, widening inequality, a pattern of jobless recoveries, deteriorating trade imbalances and so on.
The government had been keen to squeeze the sector until it squealed, but falling commodity prices and a deteriorating trade balance seem to have made it moderate its plans.
Last year its per capita income was 1.2m won, 5% of its neighbour's, as it paid the price for international sanctions, deteriorating trade ties with the South and mismanagement of its command economy.
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CEO of Professional Science Editing for Scientists @ prosciediting.com