FTSE in mini-freefall despite rate cut

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News of a base rate cut has failed to prevent a mini freefall on the FTSE 100 today, the index slipping 151.3p, or 2.58%, to 5,724.1

Yell Group dropped a whopping 15.23% to 279.75p, followed by Rolls-Royce and Alliance & Leicester. BG Group, up 41 points, or 3.81%, to £11.18, headed the day’s winners list, followed by Smith & Nephew and Carphone Warehouse. In the US, the Dow Jones slipped 12.36 points, or 0.1%, to 12187.74 by mid-day trading. Contact: Scott Sinclair News Editor 020 7034 2636 [email protected] IFAonline

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