The FTSE100 has plunged under 5000 again this morning as investors retreat from financial stocks in the wake of the Government's Bradford & Bingley nationalisation.
At 9:50am, London’s blue chip index was 2.64% lower to 4954.20. Investors are shying away from financials despite news US congressional leaders agreed the $700bn bail-out package. The Royal Bank of Scotland has plummeted 11.97% to 183.10, while HBOS is 7.67% lower to 160. Inter-dealer broker ICAP leads the losses so far, down 12.68% to 330.50 – while hedge manager Man Group is 7.22% behind to 346.75. Contact: Hysni Kaso 0207 484 9793 [email protected] IFAonline
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