FTSE in negative territory

The London market was plunged into negative territory by mid-morning today as results from mortgage lender Bradford & Bingley caused misery for financial stocks.

FTSE in negative territory

The London market was plunged into negative territory by mid-morning today as results from mortgage lender Bradford & Bingley caused misery for financial stocks.

Shares in the FTSE 250 firm slumped nearly 18%, or 41.5p, to 201.75p after the buy-to-let specialist reported higher levels of write-downs and bad debt - as well as profits falling by nearly half.

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