Shares fall again amid inflation fears

SHARES dived again today after an optimistic opening hour on the FTSE 100 index.Early gains of more than 100 points following US Federal Reserve's surprise move yesterday to cut interest rates were wiped out amid concerns about inflation in the UKMinutes from the Bank of England's latest interest rate-setting meeting showed concerns that the inflation outlook “had worsened markedly” amid soaring oil and food costs and imminent energy price hikes.

SHARES dived again today after an optimistic opening hour on the FTSE 100 index.

Early gains of more than 100 points following US Federal Reserve's surprise move yesterday to cut interest rates were wiped out amid concerns about inflation in the UK

Minutes from the Bank of England's latest interest rate-setting meeting showed concerns that the inflation outlook “had worsened markedly” amid soaring oil and food costs and imminent energy price hikes.

Within minutes the Footsie had plunged more than 90 points.