London's FTSE 100 index of top shares fell 1.64 per cent to 4,529.64 points at the start of trading on Wednesday after Britain announced the
part-nationalisation of eight British banks.
Ahead of the opening, Britain's government Wednesday announced a plan to purchase stakes worth up to 50 bn pounds (64 bn euros, 87 bn dollars) in leading local banks amid an escalating global financial crisis.
Source: EconomicTimes
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