The FTSE is currently down 32.50 points (0.77%) to 4214.19 after the Bank of England's gloomy forecast .
In a report released earlier today, the bank warned predicted GDP could slump by up to 2% in 2009. Man Group leads the losers, plunging 37.25p (15.02%) to 210.75, following Citigroup's downgrade of the firm from 'buy' to 'hold'. Eurasian sheds 38.5p (13.6%) to 244.50, Autonomy Corporation is down 103p (10.86%) to 845.00 and Thomas Cook slides 16.9p (9.99%) to 152.20. Prudential loses 26.5p (8.39%) to 289.25. Meanwhile, Vodafone tops the leaders' board, gaining 6.4p (5.57%) to 121.40 on the back of proposed cost-cutting measures and JP Morgan repeating its overweight stance. Scottish and...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
