FTSE suffers shock 2.2% slump in three hours

clock

A rapid decline on the FTSE has seen the index ship more than 124 points, or 2.2%, to slump to 5,501.7.

Carphone Warehouse Group, down 13.5p, or 6.82%, to 184.4p is the biggest loser so far on Tuesday, followed by Kingfisher and Eurasian, both of which have already lost over 6% in share value. The only bright spark on the FTSE so far is BT Group, which has advanced 2.6p, or 1.3%, to 202.5p. Vodafone has also advanced to 150.25p per share. There are still some hours to go before we see what impact the loss on the FTSE will have on the Dow Jones. The index finished marginally higher yesterday, having advanced 3.5 points, or 0.03%, to close on 11,350.01. American International Group, Bank of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read