The FTSE 100 ended Monday down 103.2 points or 2.3% at 4,395.2 today as part of a global downturn in stockmarkets affected by the prospect of a Federal Reserve interest rate rise.
MMO2, one of Britain’s largest mobile-phone companies, lost 5.25p to 93p and its rival Vodafone Group also posted a loss at the end of the day, after its stocks fell 4.75p to 134.75p. Vodafone's chief had suggested the move to 3G would not affect profits.
Insurance firm Royal & SunAlliance fell 3.25p to 73.75p and Abbey National, Britain's second-largest mortgage lender, dropped 9.5p to 447.75p after the Financial Times reported Spanish bank Santander is not buying the UK lender.
The airline industry did not do too well today as British Airways fell 9.25p to 258p while its budget airline rival, EasyJet, also shed 9.5p to 220.5p.
ITV declined 4.25p to 116.5p. The television broadcaster has announced it plans to buy Scottish media company SMG Plc's 25% stake in breakfast-television program maker GMTV Ltd. for £31m.
Meanwhile, retailer Marks & Spencer lost 2.5p to 274.5p after confirming its chairman would be stepping down, following weekend speculation.
Across the Atlantic, trading is currently down as the Dow Jones Industrial Average index so far has lost 146.49 points or almost 1.5% to 9,970.85.
The S&P 500 index is down 14.87 points or 1.3% to 1,083.83 and Nasdaq's Composite index has so far lost 28.34 points or 1.5% to 1,889.62.IFAonline
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