Footsie down more than 100 points

Concern about Iraq, the economy, corporate profitability and the impact of a late sell-off on Wall Street on Friday hit investors’ fragile confidence in London today.

And by lunchtime the Footsie was down 105.9 points at 3497.8 – 37.5 points off its session low – with just three of the UK’s top 100 stocks making any progress.