FTSE plummets as NRock shares approach £1

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In London, shares followed Northern Rock's downward spiral and the FTSE 100 closed down 170.4 points, or 2.71%, to 6,120.8.

Standard Chartered was one of just three shares to see gains, up 15 points, or 0.9%, to £16.79, followed by Unilever, which added 13 points, or 0.73%, to £17.96, and Smith & Nephew climbed 2.5 points, or 0.44%, to 575.5p. Northern Rock dropped 28.4 points, or 21.42%, to 104.2p, followed by British Land, which lost 69 points, or 7.76%, to 820.5p. Lonmin shares slipped 238 points, or 7.68%, to £28.59, Kingfisher lost 13.3 points, or 7.66%, to 160.3p, and Antofagasta shares lost 54.5 points, or 7.65%, to 657.5p. On Wall Street, markets got off to a bad start in early trading after banks ann...

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