FTSE continues slide

The FTSE 100 Index continued its slide today after hitting a six-year low yesterday on fears regarding the health of heavyweight financial firms.

A positive start to trading proved to be short-lived as the Footsie stood 47.2 points lower at 3578.6 by mid-morning, adding to the 5.3% fall seen on Monday. Wall Street’s Dow Jones Industrial Average shed more than 4% overnight, while Asian markets also lost ground.