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.
Rumours of a deal with Boeing continued to push up BAE Systems, which added 2.5p to 116p by the close.
The FTSe 250 lost 62.6 points to 3,924.4.
International Power slumped 13.25p to 70p after reporting a loss and posting a dire outlook for the rest of the year.
ISIS Asset Management led the mid-cap gainers by moving up another 8p to 143p on its results released this week.
The Dow Jones Industrial Average index has clawed back some of the losses made yesterday; it currently sits up 62 points at 7,735.
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