London sghares slump worst for 21 years

London's blue chip shares today slumped almost 9 per cent to cap their worst week since 'Black Monday' in 1987. The FTSE 100 index closed 8.85 per cent down on the day, down 381.7 at 3932.1, the index's lowest level since May 2003, meaning that more than £250bn has been wiped off the the market values of Britain's biggest firms Black Friday in London came after Japan's benchmark Nikkei 225 index shed more than 10 per cent. And this afternoon in New York the Dow Jones Industrial Average, which yesterday closed below 9000 for the first time since 2003, swung sharply on opening today - falling more than 600 points in the first few minutes of trading but easing back to a 335 point fall to 8243 at around 5pm London time. London's share falls today follow FTSE 100 plunges of 8 per cent on Monday, 5 per cent on Tuesday and 1 per... [read full story]                    

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