Footsie ends week in the red

London’s leading shares dropped almost 1% today as the market bore the brunt of heavy losses for mining stocks and banks suffered from fresh concerns over interest rates.

The FTSE 100 Index plunged 51.2 points to stand at 5719.7 by the end of the day – a fall of 0.89% – following on from yesterday’s 7.1 point loss.