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FTSE closes to its biggest loss since financial crisis as recovery rally runs out of steam

London stock markets chalked-up the worst weekly performance since the 2008 financial crisis despite clawing back a fraction of lost territory in Friday trading as earlier strength flagged. The benchmark FTSE 100 index closed 2.5% up at 5,366.11 on Friday, cementing a near 18% weekly loss, the biggest since a 21% drop in October 2008. That slump made it the third week running of heavy declines as ...
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