The FTSE closed on Thursday deep in negative territory after German Chancellor Angela Merkel stepped up calls for tougher regulation of banks and financial markets.
In a key speech in Berlin earlier today, Merkel said governments of leading nations must act together and show a "signal of strength" by tightening financial rules. Her comments come a day after she warned the euro was "in danger" without strong action. "We need to have cooperation," she said. "[We can not say] 'this is not my problem, I don't care about it'." At close, London's leading index was down 84 points to 5,073. At 15.15 GMT, the FTSE had plunged 104 points, or 2.02%, to 5,053. Eurozone fears continued to outweigh positive news from Dubai, where state-owned company Dub...
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