FTSE loses more value as nerves increase

UK stocks tumbled again and plunged the FTSE 100 down towards the 4400 market as investors became nervous again about the pricing of companies in the US and UK. The FTSE 100 lost 2.4% to 4438.4, but had managed to rebound from a fall of 2.7%. Vodafone, GlaxoSmithKline and Royal Bank of Scotland Group accounted for about a third of the slide, but the main concern seemed to be US news that the US economy expanded at a slower rate than hoped in June. Vodafone shed 4.75p or 5.8% to 81p after the FT reported it was planning to spend £9bn on buying another European mobile phone unit. ...