Negative IMF outlook pushes FTSE into the red

London’s leading shares index fell into the red today after a report from the International Monetary Fund (IMF) warned that time was running out to tackle threats to the economic recovery.

The FTSE 100 Index closed more than 1% lower, falling 75.3 points at 5288.4, as the IMF urged political leaders to find a lasting solution to the economic problems in the US and eurozone.