FTSE loses 3% over poor sales figures

Experian shares climbed 9.25 points (2.53%) to 375.25p, while ITV added 1 point (1.45%) to 70.2p after its revival of News at Ten boosted viewing figures. Taylor Wimpey shares lost 13.3 point (7.71%) to 159.2p as the outlook for the UK housing market appeared bleak, and Home Retail lost 19.75 points (7.03%) to 261.25p as retailers began to suffer from the effects of the credit crunch. On Wall Street, markets plummeted after Citigroup revealed a £5bn loss in the final quarter of 2007 and the Dow Jones lost 185.59 points (1.45%) to 12,592.56. A single share made gains in early trading, ...