London stocks fall 1.64 percent at open (AFP)
08.10.2008 11:35 Business
LONDON, Oct 8, 2008 (AFP) - London's FTSE 100 index of top shares fell 1.64 percent to 4,529.64 points at the start of trading on Wednesday after the government announced the part-nationalisation of eight major banks.
Ahead of the opening, the government unveiled a plan to purchase stakes worth up to 50 billion pounds in the nations leading banks amid an escalating global financial crisis.
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