FTSE wobbles under Cable and Wireless pressure

The FTSE 100 Index started the week in a lacklustre fashion today, despite a hefty plunge from Cable & Wireless dominating the session.

Mon, 09 Dec, 2002 - 11:15

The FTSE 100 Index started the week in a lacklustre fashion today, despite a hefty plunge from Cable & Wireless dominating the session.

The battered telecoms group plummeted 43% as investors reacted angrily to the prospect of a potential £1.5 billion liability following a debt downgrade.

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CourtsFTSEOrganisation: FTSEOrganisation: Cable & WirelessOrganisation: C&WOrganisation: BPOrganisation: ShellOrganisation: Schroders NVOrganisation: Alliance & LeicesterOrganisation: Royal Bank of ScotlandOrganisation: Lloyds TSBOrganisation: BarclaysOrganisation: LloydsOrganisation: Wolverhampton
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