Markets fall across the globe

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The UK stockmarket started this morning on a downward trend, echoing similar losses on Wall Street at the end of last week and in Asia earlier today.

The benchmark FTSE 100 is currently down about 60 points at 4,359 after UK stocks fell for the second day in three paced by Imperial Chemical Industries and MMO2. ICI, a chemicals maker, lost 4p to 216p. MMO2, a mobile-phone operator, dropped 2.5p to 100p. Amvescap, Europe's largest publicly traded money manager, shed 7p to 405p. Ebookers fell 15.5p to 382. The internet travel agency reported a net loss of £15m compared with £12.5m a year earlier. Medisys rose 2.5p to 13p. This is the maker of medical devices' biggest gain in more than a year. Northern Foods dropped 7.5p...

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