FTSE racks up triple-figure losses on euro fears

London's leading index closed down 2.08%, or 117 points, to 5,550 as fears abound Portugal and Spain are next in line for a bailout following the recently agreed €85bn EU/IMF rescue package for Ireland. Top of the loser's board was Petrofac, down nearly 6%, followed by Cairn Energy and Old Mutual, both over 4% in the red. Barclays and HSBC were the only stocks to register gains in a reminder that banks had initially led the FTSE to early morning gains as investors welcomed completion of the Irish bailout package. Earlier this afternoon, Chancellor George Osborne said in his autumn ...