Investors suffer as gloomy news effects confidence

INVESTORS suffered another poor session on the London market yesterday as gloomy corporate news and US economic data hit confidence.

The FTSE 100 Index was on the back foot all day and closed down 64.7 points at 4209.3. The falls came on top of heavy losses on Wednesday.

Insurers were among the main fallers yesterday while drugs giant GlaxoSmithKline fell on renewed fears about increased competition.