The FTSE 100 hit its lowest figure for three years today. In midday trading the index was 40.9 point...
The FTSE 100 hit its lowest figure for three years today. In midday trading the index was 40.9 points lower at 5279.3 - its lowest figure since 26 October 1998 when the market was at 5231.5. However then the market was in recovery from its 5 October low of 4648.7. The downward trend started in the New Year but has escalated in the last month or so. On 8 June the market stood at 5950 and by the close of trade yesterday had lost 630 points. In that six-week period there have been significant losses for some of the market's biggest stocks, both old and new economy, including Abbey Na...
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