Monday, 6th October 2008
5:17pm
CLOSING REPORT: The FTSE100 finished off lows for the day, but with Wall Street dropping off, it was not a good day in London. Uncertainty over the state of financial markets, and Banks falling due to fears of a global recession hit the day hard.
At close the FTSE finished down 363.01 points at 4617.24.
Unsurprisingly, banks were hit hard, as fears of a global recession sucked all confidence out of the market.
Sterling saw a 2 and a half year low against the dollar today as worries about funding problems with European banks weighed heavily.
Barclays finished down over 14% down 54p at 314p, and RBS fared no better with a drop of 20% to 148.10p.
Miner saw falls as well as fears that any recession would hit the minerals market helped...
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3:32pm
MID-AFTERNOON REPORT: The FTSE 100 slid further this afternoon as Wall Street opened down, and the continuing uncertainty on the financial markets, coupled with falls in the banking sector all lead to further negative moves.
At 3pm this afternoon, the FTSE 100 stood down a massive 302.85 points at 4677.40.
Over in the US, the DOW was down 309.59 points at 10,015.79, as investors faced up to the fear of recession.
EasyJet has seen an increase in passengers for September, up 22.1% at 4.2 million, however, early trade today saw its share price drop off 9.38p to 218.12p. British Airways also saw a fall of over 9%, with the market still uncertain about the outlook for airlines
NEW YORK
The Dow Jones industrial average was down 309.59...
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12:17pm
MIDDAY REPORT: Leading shares were trading sharply down today, as uncertainty of the worlds financial markets, loses in Asia and a lack of company news all added to a nervous market.
LONDON
At 12.10 the FTSE 100 was down 270.18 points at 4710.07, with the FTSE 250 down 409.82 at 7585.72.
EasyJet has seen an increase in passengers for September, up 22.1% at 4.2 million, however, early trade today saw its share price drop off 9.38p to 218.12p. British Airways also saw a fall of over 9%, with the market still uncertain about the outlook for airlines
NEW YORK
The DOW finished the week on Friday down 157.47 points
Oil fell 2% to under $92 a barrel, having already dropped off 9 cents on...
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10:32am
MID-MORNING REPORT: Leading shares fell sharply today with weakness in banks and retail stocks after continuing falls in Asia. There is not much in the way of company announcements to kick the week off.
LONDON
In London, leading shares fell off and were down over 5% by mid morning. The FTSE 100 stood down at 4713.64 down 266.61 points a fall of 5.35% at 10.21am
EasyJet has seen an increase in passengers for September, up 22.1% at 4.2 million, however, early trade today saw its share price drop off 9.38p to 218.12p. British Airways also saw a fall of over 9%, with the market still uncertain about the outlook for airlines
NEW YORK
The DOW finished the week on Friday down 157.47 points
Oil...
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10:17am
The London Stock Exchange has reported that trading was up 24% in September.
As we know the markets have been volatile to say the least over the past few months, and the LSE has reported that this has contributed to strong trading across the equity order books during September.
There was an increase of 62% in the total number of trades to 27.1 million.
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