Shares in London's main indices have taken a further tumble this morning. Our Trader writer Neil Wilson says: 'Global equity benchmarks are in full sell-off mode as the near-complete shutdown of Europe gathers pace and markets largely shrug off the Federal Reserve's monetary easing as well as a globally-coordinated central bank effort to ease dollar liquidity. Make no mistake, what the Federal Reserve did last night was remarkable, but the global economy is grinding to a halt – no amount of central bank liquidity can contend with that.' For Neil's full article click here.
IC TIP UPDATES:
On Friday evening, Aston Martin Lagonda (AML) announced revised terms to its imminent rights issue, with the consortium led by incoming executive chairman Lawrence Stroll increasing its stake in the company to 25 per cent from 16.7 per cent and cutting its injection from £182m to £171m. Investors will now pay 30p for new shares instead of 207p, raising £536m instead of the £500m previously envisaged. Sell.