More FTSE woe represents 20% drop in '08

The blue-chip index has fallen 86.9 points, or 1.67%, to 5,117 taking its losses in 2008 past the 20% mark. HBOS has dropped 29.75p, or 12.8%, to 202.75p, marking a dramatic slump over the last year when the bank almost hit £10 per share. Admiral Group, down 100.5p to 779.5p and Cairn Energy both suffered huge losses also, with drops of 11.42% and 9.18% respectively. Marginal gains for Enterprise Inns, up 9p to 217.5p, Centrica and British Airways are helping stem the flow of losses. In New York, stocks suffered their worst day in more than seven years thanks largely to staggering l...