London stocks slide on second virus wave fears | Malay Mail

The blue-chip FTSE 100 was down 1.3 per cent and the domestically focused FTSE 250 0.6 per cent, with financial, consumer staple and healthcare stocks among the biggest drags. — Reuters pic

The homebuilder fell 7.6 per cent to its lowest in more than a month as it posted a first-half pretax loss and said it expected annual adjusted pretax profit to fall around 60 per cent to 70 per cent due to coronavirus-led disruptions. “Traders are turning nervous on the global health conditions sentiment is at a crossroads between taking the rise in coronavirus cases as the new normal or to expect another lockdown scenario,” said David Madden, analyst at CMC Markets.

A day after Prime Minister Boris Johnson further relaxed a coronavirus-induced lockdown, top medics warned British political parties that local flare-ups of the new coronavirus were likely and a second wave was a real risk.

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