Finance stocks take fresh hammering on FTSE

Financial stocks took a fresh hammering today after investment bank Morgan Stanley issued a downbeat note on the sector.

Finance stocks take fresh hammering on FTSE
Tue, 04 Dec, 2007 - 13:46

Financial stocks took a fresh hammering today after investment bank Morgan Stanley issued a downbeat note on the sector.

With retail-based shares also struggling, the FTSE 100 Index dropped by more than 1% or 90 points to 6296.6 by lunchtime.

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