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Article: Following in the FTSE steps.
- Article from:
- Money Management
- Article date:
- March 1, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At the end of 2007, the FTSE 100 saw its most radical quarterly shake-up of companies since the beginning of the century with seven new companies entering the index and, consequently, seven leaving. Three months later and fears of a recession, huge dips in market value and another damaging trading scandal have thrown the UK equity markets into turmoil.
Northern Rock, a once strong and prominent company that, at the beginning of 2007, traded at over 1200 pence per share and which now has slipped from the FTSE 100 trading at 112 pence (at time of press), is a strong indication that the British economy, and indeed the FTSE 100, is facing its most volatile and ...