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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 ...

UK markets fail to hold on to rally after week of bloodletting, IAG remains under pressure

UK markets staged a firm rally in early trading on Monday, following Asian markets higher and clawing back some of the heavy losses chalked-up last week. At 9am, the benchmark FTSE 100 index was up close on 2.7% at 6,756.35, while the mid cap FTSE 250 is also around 2.5% higher at 19,803.06. However, by midday those gains had been entirely wiped out with the FTSE 100 dipping 0.5% to ...
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