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Darren Beddard Group moderator
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The FTSE 100 has plummeted further
The FTSE 100 has plummeted further this morning after yesterday's sharp sell-offs sent the index crashing to a six year low.

At 11.15am, the index was down 43.31 points (1.19%). Barclays has been the biggest loser on the FTSE 100 so far this morning and was down 8 points (9.12%) with its shares worth 79.7p. This comes after Japanese broker Nomura suggested the shares were ripe for shorting.

Wolseley also dropped 11.10 points (6.59%) amid reports that it is planning to launch a £1bn rights issue at the end of the week in an attempt to dig its way out from under its £3bn debt pile.

Standard Chartered has been the FTSE's biggest winner, up 19 points (3.24%) with its shares valued at £6.06. This comes after the bank announced an increase in pre-tax profits to $£4.8bn in 2008 compared with $4bn in 2007.

Admiral Group is also up 20 points (2.29%) with its shares worth £8.95. The good news for Admiral comes after it revealed its pre-tax profits climbed to £202.5m from £182.1m in the previous year.

US stocks plummeted yesterday in a grim day for the market. The Dow Jones fell 299.64 points (4.24%) to 6,763.29. This was the first time the index had traded below 6,800 points since October 1996.

Citi was the market's biggest loser, dropping 0.3 points (20%) as fears about its liquidity spooked investors.

General Electric, which last week cut its dividend for the first time since 1938 ended the day 0.91 points down (10.69%) with its shares worth $7.60.

Japanese stocks have also declined pushing the Nikkei 225 stock average to the brink of a quarter century low. The index fell 50.43 (0.7%) to close at 7,229.72 in Tokyo.

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http://www.ft.com/home/uk

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- 03 Mar 2009, 1:08 pm
Darren Beddard wrote: > The FTSE 100 has plummeted further this morning after yesterday's > sharp sell-offs sent the index crashing to a six year low. > > > At 11.15am, the index was down 43.31 points (1.19%). Barclays has > been the biggest loser on the FTSE 100 so far this morning and was > down 8 points (9.12%) with its shares worth 79.7p. This comes after > Japanese broker Nomura suggested the shares were ripe for shorting. > > Wolseley also dropped 11.10 points (6.59%) amid reports that it is > planning to launch a £1bn rights issue at the end of the week in an > attempt to dig its way out from under its £3bn debt pile. > > Standard Chartered has been the FTSE's biggest winner, up 19 points > (3.24%) with its shares valued at £6.06. This comes after the bank > announced an increase in pre-tax profits to $£4.8bn in 2008 compared > with $4bn in 2007. > > Admiral Group is also up 20 points (2.29%) with its shares worth > £8.95. The good news for Admiral comes after it revealed its pre-tax > profits climbed to £202.5m from £182.1m in the previous year. > > US stocks plummeted yesterday in a grim day for the market. The Dow > Jones fell 299.64 points (4.24%) to 6,763.29. This was the first time > the index had traded below 6,800 points since October 1996. > > Citi was the market's biggest loser, dropping 0.3 points (20%) as > fears about its liquidity spooked investors. > > General Electric, which last week cut its dividend for the first time > since 1938 ended the day 0.91 points down (10.69%) with its shares > worth $7.60. > > Japanese stocks have also declined pushing the Nikkei 225 stock > average to the brink of a quarter century low. The index fell 50.43 > (0.7%) to close at 7,229.72 in Tokyo. > > for more info please visit > > http://www.ft.com/home/uk > > ifa wealth forum

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The FTSE 100 has plummeted further