Footsie drops to year low

More than £24bn was wiped off the value of the UK’s biggest companies today during the worst session for the FTSE 100 Index in more than a year.

Wed, 19 Oct, 2005 - 18:43

More than £24bn was wiped off the value of the UK’s biggest companies today during the worst session for the FTSE 100 Index in more than a year.

Inflationary fears in the US triggered the mass sell-off as the Footsie dropped 96.1 points to 5167.8 on the anniversary of the 1987 Black Monday stock market crash in London.

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