Star’s front row seat for sporting history
- Local newspaper week
FTSE 100 falls to four-year low
Monday 6th October 2008, 12:33PM BST.
The FTSE 100 continued its dramatic slide by lunchtime and was 5.51 per cent lower by 12:00 BST.
The UK’s benchmark index hit a low of 4,670.89, its lowest point since 2004, led by declines in financial stocks amid ongoing uncertainty.
Miner Kazakhmys was leading the fall, with a 19.29 per cent fall in its share value, while HBOS fell 14.71 per cent.
The bank lost some of last week’s gains after a newspaper reported the government is considering buying shares in HBOS and Royal Bank of Scotland (RBS) to shore up the industry.
Fears existing shares would be diluted in the move also sent RBS stock down, by 14.39 per cent.
Utilities and tobacco stocks benefited from the jitters this morning, as investors headed for ‘safe haven’ stocks.
British American Tobacco shares were up 1.63 per cent, while Scottish and Southern Energy increased by 0.49 per cent.
Sponsored Links
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
LIVE traffic updates
Road, rail and airport - latest
Our new, live traffic and travel updates service - check before you set out.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
