Financial Times FT.com

FTSE 100 tumbles on unexpected grim US data

By Bryce Elder and Neil Hume

Published: December 5 2008 08:36 | Last updated: December 5 2008 20:45

Insurers provided a refuge as unexpectedly grim US jobs data sent the London market tumbling.

The sector found support on news that Resolution, Clive Cowdery’s consolidation vehicle, had successfully raised £600m with a share placing.

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