| | |  | | Breaking news Thursday May 21 2009 | | | S&P downgrade sinks FTSE | London equities fell fast on Thursday, after credit ratings agency S&P downgraded its outlook on the country to "negative" from "stable". The FTSE 100 fell 115 points to a session low of 4,354.05 in the immediate aftermath of the news, a decline of 113 points. It added to existing pressure on sentiment in the market which soured after the US Federal Reserve issued a downward revision to growth figures, sparking a late sell-off on Wall Street. http://link.ft.com/r/H60H77/UYTZI/Y8WM9/NZTLK/43GJF/OS/h | | | © THE FINANCIAL TIMES LTD 2009 | The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21. | |
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