FTSE hits 12-month low as risk appetite slumps again

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The UK's blue chip index has shed 100 points to drop below 6,350, hitting a fresh 12-month low at the end of a volatile week for equity markets.

The FTSE 100 was down 1.6% at 6,330 by mid-morning, the lowest intra-day level since 7 October last year, and eventually closed down 1.4% at 6,340. Earlier, just two stocks - insurers Admiral and RSA...

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