FTSE regains losses after brief stray into bear territory

London's leading index joined Germany's DAX and the French Cac 40 in falling more than 20% from its latest cycle peak, meeting the technical definition of entering a bear market. It had slumped to as low as 4,796, more than 4.5% down on the opening value. However, as of 1:07pm, it sat 10 points higher at 5,076. Other major European indices were also recovering after a turbulent morning. Sell-offs in London followed huge overnight losses in the US which triggered a significant sell-off in Asia. Financial were among the biggest losers at 1pm, with Royal Bank of Scotland Group 6% l...