FTSE in freefall

Hefty falls in the banking and insurance sectors wiped another 1% off the London market today to close a volatile week for UK blue chips.

FTSE in freefall
Fri, 04 Jul, 2008 - 18:23

Hefty falls in the banking and insurance sectors wiped another 1% off the London market today to close a volatile week for UK blue chips.

The top share index narrowly avoided closing below the 5400 barrier as a rebound from the mining sector and strong gains from retailers helped limit losses.

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