LONDON (ShareCast) - Footsie is at its lowest level for more than five years, and it looks like getting zero help from Wall Street, where the Dow Jones 30 is expected to open around 280 points lower. Fears of a global recession have provoked panic selling, especially in financial and resource stocks. At present, FTSE is down 25% on its level of a week ago. HBOS (LSE: HBOS.L - news) continues its volatile path, shedding almost one-fifth of its value as it falls way below the price indicated by Lloyds TSB's all-share offer for the company. Barclays (LSE: BARC.L - news) is another to suffer a double-digit percentage fall after it confirmed it is considering a number of options, including a possible fund raising. Rumours persist that the bank is looking to raise funds from existing shareholders as a means to boost its tier 1...
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