Indices Stock Market

London Stocks Plummet Following Brexit, Lockdown

London stocks plummet following Brexit, lockdown

Continuing its losing streak, London’s FTSE 100 once again fell flat, the fourth day in a row on Thursday. It was led by the following reasons including the clouds of uncertainty over the Brexit, investors withdrawing their funds due to the assumption of stricter lockdown procedures coming into force and stress of ex-dividend trading.

Energy, travel, aero, insurance and leisure are leading the decline on the FTSE 100 index, which fell by 1.6 per cent. Bunzl Plc (business supplies distributor) fell by 1.3 per cent while Tesco Plc (biggest retailer of Britain) slipped by 2.6 per cent.

Meanwhile, FTSE 250 (mid-cap) suffered a loss of 1.2 per cent. Marston’s (pub operator) lost 2.5 per cent after it announced a massive job cut.

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