FTSE remains firm despite Northern Rock plummeting

Troubled bank Northern Rock endured another rollercoaster day on the London market today on the back of further sale speculation.

Mon, 24 Sep, 2007 - 18:31

Troubled bank Northern Rock endured another rollercoaster day on the London market today on the back of further sale speculation.

The beleaguered mortgage bank dived more than 11%, down 22.3p to 172p, having gained as much as 13% earlier in the session, amid receding hopes that a white knight will emerge to take control of the lender.

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