Free Republic

BREAKING: Britain's FTSE 100 index recovers all losses from Brexit

London-based banks HSBC Holdings Plc and Standard Chartered Plc tumbled in Hong Kong after early results from Britain’s European Union referendum indicated greater support for an exit than academics had forecast. HSBC, which made about a third of its 2015 revenue in Europe, fell as much as 3.1 percent and Standard Chartered as much as 3.7 percent. Financial institutions including JPMorgan Chase & Co., HSBC and Deutsche Bank AG warned ahead of Britain’s vote that they could shift some operations from London if the U.K. left the EU. HSBC would probably move about 1,000 investment bankers to Paris in the...

MORE than £100billion was wiped off the London FTSE 100 this morning within minutes and the value of the pound crumbled as world markets were gripped by Brexit panic. The City was facing its third biggest fall of all time, shedding 458 points in a massive selloff, with shares in Barclays and the Royal Bank of Scotland tumbling by around 30 per cent. Experts warned of more carnage to come with fear gripping world markets seeing Japan briefly shut down and European stock markets all in free fall. Britain also looked set to lose its triple-A rating after 52 per...

FTSE 100 heads for worst week The FTSE 100 is heading for its worst week as mounting fears of global recession led to a flood of selling by investors worldwide. By Graham Ruddick Last Updated: 1:28PM BST 10 Oct 2008 The FTSE 100 plunged more than 10pc this morning after dramatic overnight falls in stock markets around the world. By lunchtime the index of leading UK shares was trading down 300 points at 4007.74, after plunging 10pc in the first hour of trading to fall below 4,000 points for the first time in five years following steep declines overnight in...

Market turmoil sends London stocks plummeting London shares slide as investors react to a weaker US dollar and heavy overnight falls on Asian stock markets Steve Hawkes The value of Britain’s biggest companies plunged this morning with 114 points wiped from the FTSE 100 as investors reacted to growing signs of global market turmoil. The US dollar hovered near a record low overnight and stock markets in Asia suffered their biggest falls for weeks as traders took their lead from the brutal sell-off on Wall Street on Friday. In London, the FTSE 100 was down 114.5 points at 6413.5 after...