FTSE dives as US uncertainty grows

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In London, shares have plummeted in early trading amid fears a US bail-out plan might take some time to materialise, and by mid-morning the FTSE 100 was down 80/29 points (1.53%) to 5,155.97.

Unilever made the biggest gains, up 29 points (2%) to £14.81, while Old Mutual added 1.5p (1.82%) to 83.7p. Eurasian shares dropped 64.5 points (9.4%) to 622p and HBOS began to slide again, with shares losing 13.1 pence (6.27%) to 195.9p. Wall Street saw many share values steadily decline through the day as investors worried the $700bn bailout plan might be subject to political wrangling, and the Dow Jones dived 372.75 points (3.27%) to 11,015.69. AIG continued its recovery after shares almost hit rock bottom last week, up 0.87 (22.6%) to $4.72, while Microsoft added 0.24 (0.95%) to $...

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