FTSE hits year-low on fresh eurozone concerns

London's leading index was trading more than 106 points, or 1.9%, lower at 5,477 shortly before 3pm GMT. The FTSE is on track for its lowest close since September and has also hit an intra-day low for the year. The heaviest sell-off came after European Commission president José Manuel Barroso called for the eurozone rescue fund to be significantly enlarged. Barroso warned the crisis was spreading and that Europe risked losing the faith of the financial markets. He said markets "remain to be convinced that we are taking the appropriate steps to resolve the crisis". Satlellite ...