2.5% slump on FTSE

Doubts over the ability of EU leaders to deliver measures to ease the region’s debt crisis triggered a 2.5% slump for London’s leading shares index today.

With a summit of 27 countries in Brussels unlikely to produce a concrete plan to deal with the fall-out from a Greek exit from the euro, the FTSE 100 Index gave up all of Tuesday’s gains to close 136.9 points lower at 5266.4.