By Jon Hopkins LONDON (Reuters) - Britain's top share index ended 8.9 percent lower Friday contributing to a 24 percent slump for the week, the second biggest weekly fall ever, as investors ran scared from the specter of a full global recession. The FTSE 100 closed down 381.7 points at 3,932.1, its second biggest points loss ever, dropping below the 4,000 level for the first time in more than five years after its worst week since the crash of October 1987. With another 90 billion pounds wiped off the FTSE 100's value Friday, there was just one gainer -- news and information provider Thomson Reuters , up a penny. "The FTSE 100 went below 4,000 today, a level it first achieved in September 1996, that means if you invested in equities 12 years ago, you've seen no gain, which is unbelievable," said Manoj Ladwa, senior trader at...
[read full story]
Your Web Site
