FTSE 100 suffers biggest fall since June 2020 as Covid variant fears shake markets – business live
Rolling coverage of the latest economic and financial news, as London’s stock market sees its biggest selloff in over a year
- Latest: FTSE 100 index tumbled 3.6% today, wiping out £72bn
- Oil has slumped by 10% today
- Dow Jones falls 2.5% as Wall Street joins selloff
- Recap: Markets hit by variant worries
- Introduction: Worries about new variant knocks stocks
- South Africa to be put on England’s travel red list over new Covid variant
- What do we know about the new ‘worst ever’ Covid variant?
Oil giant Royal Dutch Shell has dropped by 5.5%, following the heavy falls in crude price this morning, while BP has tumbled 6.7%.
Anxiety over the economic outlook is hitting banks too, with Lloyds Banking Group and NatWest falling 5%.
