World

British stock market records worst daily drop since 2020

Apr 05, 2025

London [UK], April 5: The FTSE 100 Index fell 4.95 percent and closed at 8,054.98 on Friday, marking its worst daily drop since March 2020.
The plummet came amid fears about the economic impact of newly announced U.S. tariff increases. Banks were the hardest hit while utility companies were among the few gainers.
The last major daily drop occurred on the eve of the COVID-19 pandemic lockdown.
U.S. President Donald Trump has announced a new set of reciprocal tariffs on imports from all trading partners. For Britain, the rate stands at 10 percent, the lowest among European countries, however, British Business and Trade Secretary Jonathan Reynolds said the government is "disappointed" by U.S. additional tariffs, blaming that the 10-percent tariff is not a "fair reflection of how we currently trade."
Source: Xinhua News Agency

More news

The Gera Pune Residential Realty Report - July 2025 edition captures market recalibration amidst rising sticker shock

Pune (Maharashtra) [India], July 11: Gera Developments Private Limited (GDPL), pioneers in premium residential and commercial real estate in Pune, Goa, Bengaluru, and California, today released the July 2025 edition of their bi-annual report, The Gera Pune Residential Realty Report. As Pune's only census-based real estate study running for 14 years and covering over 2,300 projects and 3+ lakh under-construction homes, the report presents an authoritative, data-driven view of market dynamics for the 12 months ended June 2025.

Jul 11, 2025