The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.
There were only a handful of winners by 11am with the FTSE down 140.73 points to 4,951.50. Software firm Autonomy was the main bright spot, up 75%, after it agreed to be bought by US giant Hewlett-Packard for £7.1bn ($11.7bn). Tullow Oil, Lloyds and GKN were amongst the biggest losers today. This morning's fall adds to yesterday's losses, when frenzied selling wiped £62bn off the value of the FTSE 100, which dropped 239.37 points to close down 4.49% at 5,092.23. After heavy losses yesterday, European markets continued their fall today. The German Dax was down 3.76% to 5,392.31 by ...
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