1410: Footsie has kept winning back some of its losses, which are now in double rather than triple figures. Resource stocks remain the main drag. ENRC leads miners lower after metals prices fell. Oil stocks such as BG Group and Tullow Oil are in the bottom 10 after crude prices fell near $60 a barrel. That news sends the fuel-thirsty cruise operator Carnival higher. HBOS and Lloyds, which is due to take it over, are going well. FTSE 100 down 87 at 3,796.
1305: Footsie's losses have moderated somewhat but the leading index remains more than 100 points lower. Insurer Aviva is now the heaviest faller, with miners and oil stocks also prominent among the heaviest fallers in line with lower commodity prices. Defensive stocks such as British American Tobacco and drug giant GlaxoSmithKline are in demand. In the FTSE 250, engineer GKN drops sharply after it said full year profits will plunge 20% this year, forcing it to shed several hundred jobs. FTSE 100 down 117 at 3,765.
1200: Footsie remains sharply in the red. HBOS and Lloyds TSB continue to do well Monday after Gordon Brown said at the weekend that the proposed merger of the pair was the right step to "save the banks". Cruise operator Carnival is a modest riser after oil prices fell. Oil groups including BG Group are down for the same reason, while Anglo American leads miners lower after a fall in metals prices. FTSE 100 down 142 at 3,740.
1104: London's top index is 175 points lower at 3,708. HBOS and Lloyds TSB continue to do well Monday after Gordon Brown said at the weekend that the proposed merger of the pair was the right step to "save the banks". But there's bloodshed elsewhere, with insurer Aviva off 11% and miners struggling again, although there appears to have been some bargain hunting at lower levels. GKN is down nearly a third after warning on full year profits and flagging big job cuts.
1017: FTSE is down 181 at 3,701. Four companies are defying today's slide, with HBOS, up 8%, the best of the bunch. But most firms are very much on the back foot, especially the miners. Anglo American, Rio Tinto, Kazakhmys, BHP and Xstrata are all down more than 9% as demand fears knock metal prices. Further losses on the oil markets have also whacked BP, Shell and BG. A barrel of oil for delivery in December now costs $61.87 in New York.
0831: There is not a single riser on the FTSE 100 in early dealings Monday morning after stocks plunged around the world on concerns about the continuing financial crisis. Financials and insurance stocks are leading the blue chip fallers. London Stock Exchange and HSBC have lost over 10%, while Standard Life and Aviva are also among the worst performers. FTSE 100 is down 186 points at 3,697.
