FTSE in freefall as £60bn wiped off value of shares

Around £60bn (€80.7bn) was wiped off the value of leading firms today as the FTSE 100 Index plunged more than 4% amid fears of a US recession.

FTSE in freefall as £60bn wiped off value of shares
Mon, 21 Jan, 2008 - 12:52

Around £60bn (€80.7bn) was wiped off the value of leading firms today as the FTSE 100 Index plunged more than 4% amid fears of a US recession.

The Footsie dropped 250.1 points to 5647.8 by lunchtime, hitting its lowest levels for nearly 18 months.

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