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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

London stocks dip as global virus cases rise; Glencore slides | Malay MailLONDON, June 22 — UK shares retreated today as a surge in global coronavirus cases sparked fears of another lockdown and further economic damage from the Covid-19 pandemic, while Glencore slipped after disclosing a criminal investigation into the company. London-listed shares of Swiss commodity...
Source: malaymail - 🏆 1. / 86 Read more »

Tokyo stocks close lower on fears of worsening pandemic | Malay MailTOKYO, June 22 — Tokyo stocks closed lower today, with fears over increasing global virus infections outweighing hopes for a resumption of business activity and investors eyeing economic indicators due this week. The benchmark Nikkei 225 index ended down 0.18 per cent, or 41.52 points, at...
Source: malaymail - 🏆 1. / 86 Read more »