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.

Fri, 04 Jul, 2008 - 14:41

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.

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