| Shares continue their fall |
Shares are still falling, with the FTSE 100 Index off 120.2 points at 4601.5 and heading towards its lowest close for more than four years.
British Airways has had more than £200 million wiped from its market value as it axed 7,000 jobs in the wake of the disruption caused by last week's tragedy. Its shares fell 12%, or 19¼p, to 143¾p.
BAE Systems is also down 7%, or 22p at 296p, amid fears over reduced demand for commercial planes.
And both Shell and BP have dropped back as investors worried about the impact of lower global demand for oil and fuel at both companies. Shell dropped 5%, or 22½p to 461½p, while BP fell 19p to 525p.
Marconi is the heaviest faller, as more than 45 million shares changed hands , forcing shares down 3¼p to 22¼p, a drop of 12%.
Other fallers include the banks, with HBoS down 4%, or 32½p to 720½p, Lloyds TSB off 8p to 627p, Barclays 69p lower at £16.23, HSBC 40½p down at 614½p and Royal Bank of Scotland off 94p at £13.06.
Invensys is also suffering, falling 11%, or 4¾p to 37¼p, despite trying to reassure investors after yesterday's massive 25% plunge.
Only 12 stocks are making progress, inlcuding Morrison's after it reported an 8% jump in interim pre-tax profits.
The group, which added it saw "no let up" in the intense competition for food shoppers' custom, moved up 6½p to 207½p.
A number of other retailers are also on the up as investors sought safe havens for their money. They include Dixons, ahead 5½p at 170p and Boots 5p stronger at 660p.
Story filed: 13:33 Thursday 20th September 2001
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