The FTSE fell 128.1 points, or 2.18%, to 5740.9p as traders' fears for the global economy linger this afternoon.
Drug group Shire continued its fall today after an analyst downgraded its recommendation to ‘under perform’, dropping 49.5 points, or 5%, to 940.5p.
Meanwhie, Taylor Wimpey fell 10 points, or 5.17%, to 183.4p and Persimmon dropped 36 points, or 4.36%, to 790p.
London Stock Exchange Group led today’s winners, rising 39 points, or 2.25% to 1770p.
Johnson Matthey rose 35 points, or 1.99%, to 1797p.
The Dow Jones rose 84.46 points, or 0.69%, to 12291.63c as American International Group rose 1.53 points, or 2.87%, to 54.75c.
American Express recovered from Friday afternoon’s drop, rising 1.06 points, or 2.33%, to 46.5c.
McDonald’s led the losers, falling 2.86 points, or 5.29%, to 51.24c.
Verizon Communications followed, dropping 0.71 points, or 1.88%, to 37.05c despite reporting a fourth quarter 3.9% net income rise to $1.07bn.
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