London close: Footsie slumps again (ShareCast)

LONDON (ShareCast) - Footsie ended a bad week with more losses, falling to its lowest level for more than five years, as fears of a global recession gripped the global markets. Footsie finished down over 8%, European markets slipped around 7% while Wall Street's Dow is currently down 5%. 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 ratio to the levels required by the government. As stock markets across... [read full story]                    

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