Shares tumbled across Europe today and the FTSE 100 ended the day 165.70 points, or nearly 5% down a...
Shares tumbled across Europe today and the FTSE 100 ended the day 165.70 points, or nearly 5% down at 3,287, the lowest since May 1995.
99 stocks made losses with just two, Safeway and Hanson, making gains.
Biggest losers in terms of their effect on the index were BP, Royal Bank of Scotland, Vodafone and GlaxoSmithKline.
Biggest loser by percentage of share price cut was Canary Wharf, which slipped a massive 22% or 51p to 180p after it said it faced a massive surplus of office space, and the amount of space vacant in its Docklands office buildings could double by 2005.
BP dropped 24.25p to 371p even as crude oil prices hit another high in the wake of reports that US strategic reserves are starting to diminish faster than previously thought.
But the thorn in BP's side was the publication of new pensions deficit figures for FTSE 100 companies, which came as the pensions fund industry met for an annual conference in Edinburgh.
The FTSE 250 index dropped 44.9 points to 3,802.
EMI dropped 12p to 80p after credit ratings agency Moody's Investor Service cut the company's debt to junk status.
Corus managed to put on a good show today, adding 1.1p to 6.1p, or 22% after investors bet the stock has fallen far enough after yesterday's news of plant closures.
In New York the Dow Jones Industrial Average index is down 80 points to 7,443.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation