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FTSE pares gains as China retaliates, New York Fed issues credit crunch alert

UK stocks finished in positive territory on Monday, although earlier gains were pared as US/China tensions escalated following the arrest in Hong Kong of media tycoon Jimmy Lai under national security laws and the New York Fed warned about a credit crunch for US firms. In retaliation for Washington slapping sanctions on 11 officials from Hong Kong and China – not to mention the TikTok/WeChat ...

FTSE falls on climbing COVID cases, FirstGroup flags ‘material uncertainties’, Boohoo clobbered again

London’s FTSE 100 traded slightly lower on Wednesday, down 0.03% at 6,187.94 early on, as climbing COVID-19 cases in countries including the US and Australia cooled optimism that the global economy is turning a corner. Bus and rail company FirstGroup (FGP) fell 10.6% to 44p after reporting wider annual losses owing, in part, to write-downs at its Greyhound coach division and restructuring ...
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