FTSE 100 set for worst month since March on virus resurgence

  • Reuters
  • Stock Market News
FTSE 100 set for worst month since March on virus resurgence
Credit: © Reuters.

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* FTSE 100 down 0.8%, FTSE 250 drops 0.8%

Oct 30 (Reuters) - London stocks fell on Friday, with the FTSE 100 set for its worst monthly loss since March on fears that lockdowns to tackle surging coronavirus cases would disrupt a nascent economic recovery.

The blue-chip FTSE 100 index .FTSE lost 0.8%, dragged lower by mining .FTNMX1770 , personal goods maker .FTNMX3760 and aero .FTNMX2710 stocks.

The domestically focussed mid-cap FTSE 250 .FTMC fell 0.8%.

Both the indexes fell for a fifth straight session as pressure mounted on Britain to impose a second nationwide lockdown, even as the government said it would stick with a system of local restrictions. Group Plc NWG.L jumped 3.1% to the top of the FTSE 100 index after the lender swung to a quarterly profit as it set aside a smaller-than-expected amount to deal with pandemic-driven bad loans.

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