Friday, October 10, 2008

FTSE 100 slumps to worst week ever

By Graham Ruddick Last Updated: 7:17PM BST 10 Oct 2008

The FTSE 100 has slumped to its worst week in history, slashing the value of Britain’s top companies by a fifth, as global stock markets endured another traumatic day on mounting fears of recession.
The FTSE 100 plunged more than 10pc this morning after dramatic overnight falls in stock markets around the world. The index of leading UK shares closed down almost 9pc today on 3932.06 points, meaning that the FTSE has fallen 1047.9 points this week, the biggest ever fall. In percentage terms the decline is 21pc , the most since the 28.2pc fall in the week of Black Monday in 1987.

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