UK shares continued to fall as trading began today, after shares had previously tumbled on the back of the IMF's bleak forecast for the UK economy had given investors the jitters.
UK financials dented the stock market once again, and unfavourable reactions to the US's bailout plan caused further problems for Britain's biggest companies.
UK shares tumbled as trading began today after the IMF's bleak forecast for the UK economy worried investors.
Banks continued to reap the benefits of fresh investor confidence on Wednesday, with Lloyds Banking Group soaring more than 40%.
Investors are increasingly switching from cash ISAs to stocks and shares ISAs in order to achieve a higher return.
A positive note issued by Citigroup elevated banks on Wednesday and helped ease the FTSE into positive territory.
Financials stocks rose again Tuesday morning off the back of Monday's rally in the banking sector.
Barclays is fast approaching a staggering 70% gain on Monday after its bosses reassured investors on the bank's financial health in an open letter this morning.
The fundamentals for investing in India remain strong despite the short term volatility, say specialist managers from the region.
Financial stocks dragged the FTSE ahead of the news that the UK has been officially declared as being in a recession.