FTSE dives as US uncertainty grows

clock

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 $25....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read
Trust in ONS data 'very low' as financial services shifts to alternative sources

Trust in ONS data 'very low' as financial services shifts to alternative sources

Follows latest inflation blunder

Sorin Dojan
clock 24 June 2025 • 4 min read