FTSE falls on IMF UK bank warning

Cable and Wireless leads the losses so far, despite posting pre tax profits of £291m for the year to 31 March, compared to £247m over the previous twelve months. However, its shares have dived 9.68% to 141.8p. British Land also revealed its net assets have halved over the year, to £3.2bn, driving its shares down 4.1% to 397p. In the US, the Dow Jones closed yesterday on 8,422, 1.75% down on its high of 8,592 at around 10am. Financial services firms JPMorgan Chase and American Express were among the biggest losers, down 3.38% to $34.55 and 3.27% to $23.94 respectively. The falls follow...