FTSE losses accelerate.
Investors Chronicle - magazine and web content, November, 2007
Investors still unsettled by jitters in financial stocks Jonas Crosland
Leading shares extended their losses in morning trade, as investors moved out of the financial sector on renewed worries about exposure to the sub-prime lending market. Sentiment was also badly dented as J Sainsbury ended takeover talks. By lunchtime, the FTSE was down 72.8 points at 6,457.8 although at one stage it was down 101.7 points. Mid-cap stocks were also out of favour, and the FTSE250 index was off 123 points at 11,319. Trading volume was relatively weak however at GBP968m.
Alliance & Leicester was down 5.7 per cent to 689p, FT.Com reports, amid talk it had been forced to use the Bank of England's emergency lending facility. Similar rumours circulated about rival...
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