Mortgage misery dampens FTSE efforts

Disappointing results and news of hefty write-downs from Bradford & Bingley sent the London market into the red today as fears grew over the banking sector.

Mortgage misery dampens FTSE efforts
Wed, 13 Feb, 2008 - 19:57

Disappointing results and news of hefty write-downs from Bradford & Bingley sent the London market into the red today as fears grew over the banking sector.

The FTSE 100 Index closed down 29.9 points at 5880.1 after mortgage lender B&B sparked heavy losses among financial stocks.

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