Footsie falls to 33 month low figure of 5275

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The UK's benchmark the FTSE 100 changed little in afternoon trading having lost more than 40 points ...

The UK's benchmark the FTSE 100 changed little in afternoon trading having lost more than 40 points by midday to touch a three year low. By the close of trading the index was 44.50 points down to 5275.7 - its lowest figure since 26 October 1998. Britain's leading internet stock Energis erased a fifth of its value falling 32p to 128p after saying first half revenue growth could fall short of forecasts. Abbey National fell 122p, almost 10%, to 1,115p after saying first half profit rose less than the expected 12%. BAA fell 10p to 660p on news of further opposition to the building of a f...

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