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FTSE sell-off runs into afternoon session as tighter London lockdown confirmed

London markets continued the remain under heavy selling pressure at lunchtime on Thursday following Government confirmation of increased lockdown restrictions in London and elsewhere in response to rising Covid-19 numbers. Investors also fretted over negative comments from US Treasury Secretary Steven Mnuchin that a big stimulus deal was unlikely before next month’s Presidential election, in ...

FTSE falls on virus restriction fears, Ryanair cuts winter capacity, AO World sparks higher

London’s FTSE 100 was off 2.2% at 5,806.80 early on Thursday as concerns about increased numbers of Covid-19 cases grew and investors fretted over the economic impact of new restrictions that could be imposed in London and other parts of the country. Also weighing on the blue chip benchmark were negative comments from US Treasury Secretary Steven Mnuchin that a big stimulus deal was unlikely ...

UK retail sales rise in August, but the consumer outlook remains clouded

Retailers enjoyed a fourth consecutive month of growth in August with sales volumes and sales values up 0.8% and 0.7% respectively compared to July. That marked the fourth successive monthly gain, although growth has unsurprisingly slowed from the rapid rebounds witnessed in July, June and May. Despite the strong consumer spending rebound in the third quarter to date, there is also considerable ...
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