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FTSE falls as coronavirus cases spike, Centrica’s out of gas, Lancashire leaps on strong results

China reported an increase in the number of deaths from and cases of coronavirus, while the first patient has been diagnosed in London, news that gave investors the jitters on Thursday. The FTSE 100 traded down 0.9% at 7,468.37, with its heavy weighting towards commodity stocks, which are particularly sensitive to events in China, contributing to the weakness. Barclays (BARC) cheapened 2.8% to ...

FTSE plunges again, pound weakens as Asian virus escalates, BT and Shell major drags

It is too early to call the coronavirus a pandemic but the Asian outbreak is still casting a pall over the mood of investors, who retrenched back into risk off mode on Thursday. Cases and deaths continue to rise, airlines are slashing flight schedules and factories in China have been extending holidays into February. The mood in the market is one of severe concern, and that is having ma severe ...

Market report: Fevertree plunges on missed expectations, Intu falls as it asks for ‘£1bn’

UK blue chip stocks got off to a slow start on Monday morning, taking its cue from Asian stock markets which were subdued as China’s central bank kept interest rates on hold. But reports that allies of a renegade general in Libya had blocked a key oil-export pipeline in the country gave a lift to oil prices. Oil stocks including BP (BP.) and Royal Dutch Shell (RDSB) initially rose on the ...
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