Gloomy news sinks Footsie

The FTSE 100 Index has fallen past the 5,100 mark to hit 5099.6 after losing 103.8 points.

The FTSE 100 Index has fallen past the 5,100 mark to hit 5099.6 after losing 103.8 points.

Heavy falls on the Asian and US markets overnight have been compounded by weak retail sales figures and a 13% fall in mortgage lending.

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