European stocks are seeing heavy losses this morning and financial markets took a hit across Asia overnight as Greece said its stock exchange will be shut on Monday and banks closed all week after a decision by the European Central Bank (ECB) not to extend emergency funding to the country.
London's leading FTSE 100 index fell more than 2% in early trading before pulling back marginally to sit at 6,654 - about 100 points lower - by 09:30. The continent's markets have been hit harder, with...
UK equity market has fallen behind the rest of the world
First recession since 2009
Mini spending review may replace Budget
Predicts two lost years of UK growth
Go alone for follow the crowd?
Corporate Chartered status
Seneca Global Income & Growth Trust first to be included
Equivalent of £980,000 a day
'It is human nature'