Footsie slumps as oil prices rocket

The London market slumped today as record rises in oil prices and the US current account deficit combined with a profits from General Motors to shake confidence.

Footsie slumps as oil prices rocket
Wed, 16 Mar, 2005 - 17:32

The London market slumped today as record rises in oil prices and the US current account deficit combined with a profits from General Motors to shake confidence.

The FTSE 100 Index nearly doubled early losses during the afternoon to stand 62.6 points off at 4937.6 by the close.

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