FTSE suffers worst two days in three years

The FTSE 100 index ended the session down 70.8 points or 1.2% at 5,841.3, having earlier slumped to 5755,4 - its worst level since February and Xstra fell 202p or 8.38% to £22.08. The benchmark bounced back after the US dollar rallied, lending support to dollar-earners, such as GlaxoSmithKline, although it still closed the day down 0.7% at 1514p. The index has seen losses over the last four sessions of more than 260 points, having accelerated in the past two sessions to score its worst points loss in two days since September 2002, as inflation fears caused investors to lock in some rece...