Financials take a battering as sell-off continues

THE London market suffered another day of turmoil yesterday, sliding a further 2% as the sell-off continued.

By the close of trading the FTSE 100 Index was down 80.9 points at 3777.1, its lowest in six years, wiping another £19 billion from blue-chip share values.

However, a late recovery on the market meant it closed far above its mid-session low of 3625.9, when it was down 232.1 points.