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FTSE hit by worst week in six years

Updated on 05 September 2008

Source PA News

The UK's biggest companies have slid to more stock market losses in the worst week for the FTSE 100 Index for more than six years.

The declines end a recent two-month revival for the Footsie and come amid deepening fears over the global economy, a falling pound and record slumps in house prices.

Lower commodities prices have also hit the index as oil firms and miners make up around a third of the Footsie, while banks have also come under more pressure.

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