The FTSE 100 has fallen sharply this morning following a strong dive on Wall Street last night, dropping 41.20 points or 0.93% to 4375.03 by 8:30am.
Financials are among the largest losers so far, with hedge fund manager Man Group seeing the biggest fall, plunging 10.50% to 224.50p. Man's pre-tax profit slumped to $743m from $2.08bn last year. Insurer Prudential also saw a fall of 3.14% to 424.50p. Mining company Fresnillo is the morning's biggest winner, currently 1.4% higher at 688.50p. Property company Liberty International climbed 1.07% to 3454.75p. On Wall Street, the Dow Jones took a sharp dive last night, dropping 173.47 points, or 2.05%, to 8300.02. General Motors once again suffered the largest loss, plunging 20.14%...
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