Market plunge wipes £50bn off FTSE

Global stock markets suffered again today with nearly £50bn (€57bn) being wiped from the value of London’s FTSE 100 Index.

Market plunge wipes £50bn off FTSE
Thu, 04 Aug, 2011 - 17:35

Global stock markets suffered again today with nearly £50bn (€57bn) being wiped from the value of London’s FTSE 100 Index.

The collapse in shares prices comes as investors panic that America could slide back into recession and Italy and Spain may need bailouts.

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