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.

FTSE wobbles under Cable and Wireless pressure
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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