United States Federal Reserve interest rate cuts were the cause for serious concern across the wo...
United States Federal Reserve interest rate cuts were the cause for serious concern across the world's markets today. UK stocks suffered extended losses with the Footsie falling 206.3 points, or 3.5 percent, to 5690.5. Vodafone, the largest mobile company, slid 13p, or 6.4 percent, to 190p. BP, the third largest publicly traded oil company, dropped 22.5p, or 3.7 percent, to 587.p. GlaxoSmithKline erased 64p to 1873p. These three companies accounted for 76 points of the Footsies decline. HSBC dropped 51.5p to 839.5, accounting for 20.4 points of the Footsies fall. The bank says it ...
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