UK shares continued to fall as trading began today, after shares had previously tumbled on the back of the IMF's bleak forecast for the UK economy had given investors the jitters.
The FTSE100 dropped 23.07 points (0.51%) within minutes to hit 4,168.80 as financial and mining stocks continued to drag the index down. Mining giant Xstrata lost 3.56% with shares trading at 622.50p after it emerged that leading shareholders are threatening to vote against a £4.2bn rights issue. The heavily discounted issue will see shareholders offered two new shares priced at 210p for every existing share - a 66% reduction on Wednesday's share price. Irish-based firm Tullow Oil suffered a 3 point drop (0.45%) after it emerged that its deal with the Government to kick-start its early ...
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