Ftse 100 sinks to 3-year low

The Ftse 100 slumped to its lowest level in almost three years yesterday, with all individual stocks in the red and miners leading the slide on growing fears of a China-led global economic slowdown.

Alarm bells rang across world markets after a 9% dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.

The US Dow Jones Industrial Average tumbled more than 1,000 points in early trading.