FTSE falls almost 1%
London’s FTSE 100 Index fell nearly 1% today as fresh fears surfaced over the banking sector and weak metals prices held back miners.
The top share index dropped 41.7 points to 5434.9 by mid-session trading, with the focus falling on beleaguered banks amid more fears for the sector and as the Bradford & Bingley fundraising saga took a new twist.