FTSE closes at four-month low

The London market tumbled to its lowest close for four months today after heavyweight oil, banking and pharmaceutical stocks slid.

FTSE closes at four-month low
Wed, 22 Jan, 2003 - 17:18

The London market tumbled to its lowest close for four months today after heavyweight oil, banking and pharmaceutical stocks slid.

Fears over the economy and of a possible conflict with Iraq were again brought to the fore and by the close of trading the FTSE 100 Index was down 58.7 points at 3678.

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CourtsFTSEPlace: LondonPlace: UKPerson: Tom HougaardEvent: ChristmasOrganisation: FTSEOrganisation: IraqOrganisation: JP MorganOrganisation: Eastman KodakOrganisation: NasdaqOrganisation: Lloyds TSBOrganisation: HBOSOrganisation: Abbey NationalOrganisation: Royal Bank of ScotlandOrganisation: PrudentialOrganisation: Norwich UnionOrganisation: BPOrganisation: ShellOrganisation: Competition CommissionOrganisation: VodafoneOrganisation: BT GroupOrganisation: SafewayOrganisation: TescoOrganisation: MorrisonsOrganisation: SainsburyOrganisation: Carphone WarehouseOrganisation: SomerfieldOrganisation: Alliance UniChemOrganisation: Reed ElsevierOrganisation: SchrodersOrganisation: RexamOrganisation: British Airways
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