FTSE wipes out last week’s gains on weak tobacco
The US proposals would be designed to make cigarettes less addictive (Chris Radburn/PA)
The FTSE 100 has wiped out all of last week’s gains and more as it plunged 2% on Tuesday amid a bad day for big tobacco.
The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points.
It pushed it back through the symbolic 7,000 point mark that the FTSE smashed last week for the first time since February last year.
US indexes S&P 500 and Dow Jones were both trading down around 0.9% when European markets closed. In Germany the Dax fell 1.6%, while the Paris-based Cac dropped 2.1%.
AB Foods H1 profit down 50% on Primark s Covid hit rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Airline stocks hit hard as fears grow over Indian variant of Covid-19 Global markets tumble with stocks in banks, leisure, and tourism all falling
about 3 hours ago Updated: about an hour ago
Markets around the world fell on Tuesday as a new Indian strain of Covid-19 sparked fresh fears for the easing of public health measures to curb the spread of the virus.
DUBLIN
Euronext Dublin was down just over 2 per cent on Tuesday as airlines in particular bore the brunt of the Covid-19 fears. Aer Lingus owner
International Airlines Group lost more than 8 per cent of its share price, while
The mystery is how, after the catastrophe of the 2007-09 financial crisis, no City regulator was alert enough to notice the rise of a multi-billion shadow bank, with tentacles stretching to Germany, Switzerland, the US and Australia, sitting in the heart of London and engaged in dodgy lending practices.
What is predictable is that when the City grandees make their appearance, there will be much talk of perimeters – activities beyond supervision – as there was when London Capital & Finance collapsed.
European-style rule-based regulation may also be invoked for limiting the enforcers ability to act. Bailey used both explanations in providing testimony on LCF and the Neil Woodford scandal.
Fashion is back as shoppers storm Primark stores for post-lockdown outfits | Dumbarton and Vale of Leven Reporter dumbartonreporter.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dumbartonreporter.co.uk Daily Mail and Mail on Sunday newspapers.