FTSE 100

Bush unveils $250 billion rescue plan

Rebecca Atkinson — Tue, 14 Oct 2008 09:13:56 +0100

George Bush has unveiled the details of the $250 billion banking bailout, which will see the US government take stakes in some of the biggest banks on Wall Street.

The US president described the move as "aggressive", adding that he supported measures outlined in other countries in Europe.

Stockmarket “bloodbath” warning

Rebecca Atkinson — Fri, 10 Oct 2008 09:46:43 +0100

The FTSE 100 plummeted nearly 9% on Friday reflecting investors’ frazzled nerves despite the banking bailout and 0.5% interest rate cut.

FTSE fall sparks pension scheme concern

Rebecca Atkinson — Wed, 02 Jul 2008 12:54:39 +0100

Share prices across the global market suffered a day of huge losses yesterday, with £30 billion wiped off the value of FTSE 100 companies.

The FTSE index of Britain’s 100 largest companies closed 146 points down on Tuesday evening, to 5.479 points.

FTSE 100 makes record leap

Hannah Ricci — Tue, 22 Jan 2008 12:00:43 +0000

The FTSE 100 closed 266.5 points up at 5875.80 on Thursday night, the largest rise ever recorded in a single day.

Sub-prime worries spark FTSE 100 dive

Rebecca Atkinson — Wed, 16 Jan 2008 10:33:06 +0000

The FTSE 100 has fallen below the 6,000 point mark for the first time since August 2007 after sub-prime worries on Wall Street sparked a share sell-off.

Last night, US stocks dropped to a nine-month low partly brought on by weak retail sales and the news of Citigroup's $9.83 billion loss in the fourth quarter of 2007.

This saw the FTSE 100 falling to 5,964.40 points in the early hours of trading, from a close of 6025.80 on 15 January. Yesterday's close was at its lowest level since the credit crunch hit the stock market in mid-August.

Some of the biggest falls were from London Stock Exchange Group and Cable & Wireless.