FTSE CLOSE: London blue chips pare beneficial properties after morning increase; Brief-selling banned for some shares; Saga suspends cruises; pound at $1.24
The FTSE 100 closed up 2 per cent or 128.63 factors at 5366.11, however was properly off morning highs when it surged 8.5 per cent.
The rebound adopted the London market’s worst one-day efficiency yesterday since Black Monday in 1987.
The pound fell once more and is buying and selling at $1.24 in opposition to the greenback.
The Monetary Conduct Authority has restricted the short-selling of some shares on the request of market watchdogs in Italy and Spain. These embrace the soccer golf equipment Juventus and Lazio, and automobile big Ferrari.
Disney has introduced that its theme parks in Florida and Paris might be closed from Sunday till the top of the month. Its cruise line division can even cease all departures beginning tomorrow.
Saga has suspended its cruise operations till Might 1 following the unfold of coronavirus and warned that the transfer will knock its income by between £10million and £15million.
Author: ” — www.thisismoney.co.uk “