FTSE declines 1.5 percent

Posted by 7Star Tuesday, August 18, 2009

Britain's top share index fell 1.5 percent by the close on Monday with heavyweight mining, oil and banking stocks leading the losers, as global markets retracted amid concerns over the pace of global recovery. The FTSE 100 closed 68.96 points lower at 4,645.01, extending losses from Friday when the index shed 0.9 percent and marking its biggest one day percentage loss since July 2.

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