The Footsie dipped below the psychological milestone of 7,000 for a short time in its worst day for three weeks.
But it managed to recoup enough points by the close to finish at 7030.66, down 1.7 per cent, or 120.36 points on Wednesday s close. The FTSE 250 fell 1.4 per cent, or 317.52 points, to 22652.72.
AJ Bell financial analyst Danni Hewson said the slump came down to one thing: fear.
Stock Watch - Fuller, Smith & Turner
Traders toasted Fuller, Smith & Turner as the pub group said it was chomping at the bit for final lockdown restrictions to be lifted.
The firm said trading with social distancing was like trading with one arm behind your back . Fuller s reported a loss of £59million in the year to March, down from a profit of £166million the year before. Its pubs were shut for 71 per cent of that 12-month period amid various rounds of Covid restrictions.
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