The FTSE 100 ended Monday down 103.2 points or 2.3% at 4,395.2 today as part of a global downturn in stockmarkets affected by the prospect of a Federal Reserve interest rate rise.
MMO2, one of Britain’s largest mobile-phone companies, lost 5.25p to 93p and its rival Vodafone Group also posted a loss at the end of the day, after its stocks fell 4.75p to 134.75p. Vodafone's chief had suggested the move to 3G would not affect profits. Insurance firm Royal & SunAlliance fell 3.25p to 73.75p and Abbey National, Britain's second-largest mortgage lender, dropped 9.5p to 447.75p after the Financial Times reported Spanish bank Santander is not buying the UK lender. The airline industry did not do too well today as British Airways fell 9.25p to 258p while its budget airl...
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