FTSE 100 falls 2% as inflation fears unnerve investors but 3i edges higher
The UK blue chip index stabilises but still shows heavy fall as inflation fears grip global markets
FTSE 100 slumps 144 points
Commodity companies under pressure
11.31am: 3i upbeat despite pandemic
Leading shares may still be under the cosh, but at least things have stabilised a little.
The FTSE 100 is down 143.97 points or 2.06% at 6860.66.
And there are a handful of (marginal) risers apart from Intertek.
It has edged up 0.5% to 1204p after reporting a £1.726bn or 22% return on total shareholder funds.
Chief executive Simon Borrows said: 3i delivered a strong result in 2021 during a period of unprecedented uncertainty and disruption caused by the COVID-19 pandemic. This outcome was supported by the resilient performance of our Private Equity and Infrastructure portfolios, our strong balance sheet and the capabilities of our experienced team.
Sydney, May 13, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the .
FTSE 100 loses 2% as inflation fears unnerve investors and oil firms fall
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FTSE 100 loses 2% as inflation fears unnerve investors and oil firms fall
The UK blue chip index stabilises but still shows heavy fall as concerns about pricing pressures grip global markets
FTSE 100 slumps 142 points
Commodity companies under pressure
12.12pm: Shell and BP slide
A fall in the price of oil is also undermining the market - ironic given that it is fears of rising inflation that is doing much of the damage to sentiment at the moment.
After recent gains Brent crude is down 2.71% at $67.44 a barrel, partly due to concerns about the current violence between Israel and Palestine.