A positive opening on the FTSE failed to see out the day, with the index slipping 65.8 points, or 1.09%, to 5,980 at the close of play.
SABMiller had a strong day, climbing, 59p, or 5.27%, to £11.79, as did International Power, Resolution, AMEC and HBOS which began the day at the top of the winner’s table.
However, gains were stemmed by losses for Eurasian, down 68p to £12.72, Wolseley and retail group Next.
In the US, the Dow Jones has also fallen, dropping 26.06 points, or 0.21%, to 12,593 in early trading.
International Business Machines, American International Group, Walt Disney Group, Citigroup and American Express.
However, these gains are being stemmed by losses for Pfizer, Procter Gamble, and United Technologies.
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