London markets slump as plunge in GDP shakes traders - News Summed Up

London markets slump as plunge in GDP shakes traders


The FTSE 100 closed 90.72 points lower at 5,904.05p at the end of trading on Wednesday. Elsewhere in Europe, the major markets saw a sharper decline than the FTSE as traders continue to be dogged by fears over second coronavirus peaks across the continent. Shares in the company closed 6.08p lower at 31.96p as it saw a testing period for the company continue. The price of oil pushed higher after the latest EIA report revealed that US oil inventories fell by 745,000 barrels. The biggest risers on the FTSE 100 were Hikma, up 76p at 2,556p, Spirax-Sarco, up 204p at 9,466p, Ocado, up 44p at 2,100p, and GSK, up 35.2p at 1,742.2p.


Source: Irish Independent May 13, 2020 16:41 UTC



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