FTSE soars after bail-out
Published Date:
13 October 2008
THE FTSE 100 Index pulled out of its tailspin today as investors welcomed plans for a dramatic bail-out of the European banking industry.
Banking shares in London were among the risers as the Footsie opened 200 points higher at 4132, a gain of 5 per cent.
The top flight fell almost 9 per cent on Friday at the end of the market's worst week since the 1987 crash.
Markets in Europe also enjoyed similar gains after nations agreed a raft of emergency measures designed to ease the credit crunch.
The full article contains 120 words and appears in n/a newspaper.
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Last Updated:
14 October 2008 7:26 AM
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Source:
n/a
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Location:
Yorkshire
