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FTSE 100 extends losses on renewed eurozone concerns | |
(35 minutes later) | |
London stocks took a fresh battering as today as concerns about the eurozone and flagging global growth remained to the fore. | |
The FTSE 100 — which fell nearly 3 per cent on Thursday — dropped another 1.8 per cent or 110.56 to 6101.08, dragging the benchmark index back to levels last seen in June 2013. | The FTSE 100 — which fell nearly 3 per cent on Thursday — dropped another 1.8 per cent or 110.56 to 6101.08, dragging the benchmark index back to levels last seen in June 2013. |
An attempted rally in London soon fizzled out as traders turned on Greece, pushing its cost of borrowing for 10 years shot above 8 per cent for the first time since February. | An attempted rally in London soon fizzled out as traders turned on Greece, pushing its cost of borrowing for 10 years shot above 8 per cent for the first time since February. |
Bond dealers were spooked by the prospect of early elections and a poll lead for the left-wing Syriza party, stoking fears the depression-blighted nation could renege on bailout loans. | Bond dealers were spooked by the prospect of early elections and a poll lead for the left-wing Syriza party, stoking fears the depression-blighted nation could renege on bailout loans. |
Investors unnerved by mounting evidence of sagging global growth were further shaken as Spain failed to sell the full €3.5 billion in debt it was aiming for at a bond auction today. | Investors unnerved by mounting evidence of sagging global growth were further shaken as Spain failed to sell the full €3.5 billion in debt it was aiming for at a bond auction today. |
The slump in equity prices has forced a number of floats - including challenger bank Aldermore - to be pulled. Luxury shoemaker Jimmy Choo is pressing ahead with a launch but sources today said its stock market listing would be at 140p - the bottom of the range - valuing the firm at £546 million. | The slump in equity prices has forced a number of floats - including challenger bank Aldermore - to be pulled. Luxury shoemaker Jimmy Choo is pressing ahead with a launch but sources today said its stock market listing would be at 140p - the bottom of the range - valuing the firm at £546 million. |
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