FTSE sheds another £25bn

The FTSE 100 Index was back at levels last seen in December today after world markets again felt the heat from inflation and interest rate worries.

London’s leading shares shed £25bn (€36.5bn) of their value by the end of the session, with the Footsie closing 101.3 points lower at 5519.6. The recent turbulence means the blue-chip index has now lost 600 points since April.