A sharp 63.80 points drop taking the FTSE to 3,491.60 resulted today following last night's speech b...
A sharp 63.80 points drop taking the FTSE to 3,491.60 resulted today following last night's speech by US president Bush, which many saw as bringing war closer to hand. That uncertainty, coupled with reports that several UK banks are about to see their credit ratings cut made it a tough day for the market. Royal & Sun Alliance was top loser, shedding 5p to 62p. WPP Group saw its shares tumble 16.25p to 351.75p after one of its chief competitors reported a slump in sales, and Moody's Investor Service put the company on notice it is reviewing its credit rating. Rum...
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