Lloyds continues dive as nationalisation fears mount

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Further selling of financials characterised London's leading stock exchange on Monday with the index down more than 24 points, or 0.6%, to 4,164.

After a torrid day on Friday when its shares fell as much as 40%, pessimism over the future of Lloyds Banking Group saw its value fall by 7.2 points (11.73%) with each share worth 54.2p. Barclays and Royal Bank of Scotland have also fared badly this morning. Barclays' share price dropped by 7.2 points (7.16%) while Royal Bank of Scotland Group's value decreased by 0.9 points (4.13%). Autonomy Corporation was the FTSE 100's biggest winner with its share price rising by 17 points (1.4%). Amid news Japan's economy shrank at an annual 12.7% pace last quarter, the most since the 1974 oil s...

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