BSkyB shares slump on FTSE

BSkyB’s on-off takeover saga and renewed fears over the spread of Europe’s debt crisis led to a dramatic session in the City today.

The FTSE 100 Index finished 61.4 points lower at 5929.2, with some of Britain’s biggest banks more than 3% cheaper on worries that larger countries such as Italy and Spain could follow Greece into the financial mire.