FTSE falls as Dow Jones hit for fifth day

He told the London School of Economics that more bailouts of financial companies may be needed, although the $800bn rescue package by president-elect Barack Obama would go some way to helping stimulate a recovery. Bank of America was the biggest loser with total falls of 6.82% by the end of play. General Electric and General Motors also posted losses of 5.62% and 3.13% respectively. In the UK, the FTSE 100 dropped by nearly 0.5% by 8:50 this morning with FirstGroup leading the falls with a loss of 8.72%. Man Group has also seen a substantial loss this morning of 7.33% following its Q3...