FTSE 100 has worst one-day performance since start of Covid pandemic

London’s FTSE 100 suffered its worst one-day performance since the start of the coronavirus pandemic three years ago.

The stock index representing 100 of the largest UK-listed companies closed down 292.66 points, or 3.8%, as global banking stocks slump.

The FTSE 100 had already fallen to a three-month low earlier today ahead of Chancellor Jeremy Hunt’s Spring Budget.

At 10.45am the FTSE 100 was down 167.39 at 7469.72 before going down 227.11 at 7410.00 at 12:45pm.

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