Released on: July 14, 2008, 11:52 pm

Press Release Author: Gracy

Industry: Financial

Press Release Summary: Shares in Britain dived again leading to its first bear
market for five years.

Press Release Body: London (Longdogfinance) July 14, 2008: The shares market in the
city witnessed an unprecedented high with diving shares leading to the city\'s first
bear market for five years.
In the recent times, the market has witnessed classification of a bear market
followed by a penetrating slide in the stock values over a sustained time period.
Market analysts had predicted that if things do not settle in the right places real
soon, the UK market is bound to witness some shockwaves real soon.

Market\'s volatility was heightened by the takeover rumours surrounding Marks &
Spencer. The mortgage market is still showing a few recovery signs in the recent
times, as per the Council of Mortgage Lenders. Some of the biggest losers in the
world of shares market included Taylor Wimpey(-10%), Royal Bank of Scotland(-3.6%)
and ITV(-4.55) along with several other big names.

The recent announcement by Persimmon, a leading building company, to cut down 1,000
jobs due to the rising housing crisis and after its \'worthless\' shares in struggling
mortgage lender Bradford & Bingley were declared by a firm of City brokers. The news
has erupted and the impact can be seen in the recent fall in its share prices.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.longdogfinance.co.uk


Web Site: http://www.longdogfinance.co.uk

Contact Details: United Kingdom