London stock market dives more than five percent
This followed the collapse of US investment giant Lehman Brothers. -AFP
Mon, Sep 15, 2008
AFP
LONDON - London's FTSE 100 index of leading shares plunged 5.25 percent in midday trade on Monday following the collapse of US investment giant Lehman Brothers.
The FTSE 100 shed 284.30 points to 5,132.40 points as share prices in major British banks tumbled between 15 and 27 percent.