'Black Monday', as it has already been dubbed, which saw £44bn wiped off Footsie, as the global rout continues, also bought a clutch of corporate offerings.
It also saw the UK premier index dropping below 6,000 for the first time in two years.
Anyone wondering what was becoming of the UK's ailing pub industry wouldn't have much reason to toast Punch Tavern's (LON:PUB) latest offering.
It revealed it was selling 158 "non-core" pubs for £53.5mln to reduce its debt.
The pubs are being sold to New River Retail - the investment trust focused on UK retail.
Duncan Garrood, Punch chief executive, said: "This transaction is in line with our stated strategy of disposing pubs within the non-core estate, reducing the overall level of our debt, whilst focusing on our higher quality core pub estate."
In other news gaining traction, small cap African Potash (LON;AFPO) saw shares race up almost 55% as it announced its first supply deal with an unnamed Zambian firm following the landmark agreement struck earlier this month with Comesa - the free trade union of 20 African countries.
Elsewhere, ITV (LON:ITV), the programme broadcaster was in the news as it emerged that Northern Ireland's independent broadcaster UTV Media confirmed it was in talks to sell its television arm to the FTSE100 constituent after speculation at the weekend.
Speaking of TV, investors and sports fans alike were scrambling on the net to see more on news of BT Sport and test cricket.
Global media giant Sky (LON:SKY) has been reportedly stumped by rival BT Sport, which has outbid it and won the rights to screen the next Ashes series in Australia.
It is being reported that BT outbid Sky by around £20 million bringing to an end Sky's dominance over live cricket in the UK for the last decade.
The deal is a part of a five-year agreement with Cricket Australia and means BT Sport will show all Australia's test matches, one-day internationals and T20 games. It comes as England has beaten the tourists this summer.
As the UK government's bid to return tax-payer owned banking stocks back to private hands, it emerged that it had cut its stake in Lloyds (LON:LLOY) to just under 13% after selling more shares.
The total now raised for the public purse stands at£14.5bn. The government stepped in to rescue banks in 2008 at the time of the financial crash.
Xcite Energy (LON:XEL) was among the most active discussions on the chatrooms as it posted interim results.
The group told investors it remains ‘flexible and innovative’ as it continues to pursue funding solutions for the development of the Bentley heavy oil field in the North Sea.
Three years on from the high profile pre-production well testing programme at Bentley the company is trying to secure funds to develop the field.