Rate fears hit FTSE

The London market is on the back foot after overnight falls on Wall Street and continued interest rate fears hit blue chip stocks.

Thu, 21 Jun, 2007 - 18:33
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The London market is on the back foot after overnight falls on Wall Street and continued interest rate fears hit blue chip stocks.

Retail and property firms suffered the biggest falls after investor nerves were tested following Wednesday's 146 point drop on the Dow Jones Industrial Average and news the Bank of England was only a whisker away from hiking rates this month.

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