FTSE plunges three per cent or 194 points down to 5,813 amid new Covid lockdown ...

FTSE 100 suffers worst plunge since June amid dire warnings of more coronavirus restrictions from Chris Whitty and Patrick Vallance as pubs, hotels and businesses say they will not survive a second lockdown London's blue-chip stock exchange slumped 3 per cent to a two-week low  Markets have been spooked by reports PM is mulling a second lockdown  Another round of restrictions could throttle business activity once again

By Jack Elsom For Mailonline

Published: 11:24 BST, 21 September 2020 | Updated: 12:00 BST, 21 September 2020

View
comments

Fears of a second coronavirus lockdown have knocked market confidence and put the FTSE 100 on course for its worst day in three months.

London's blue-chip stock exchange slumped 3 per cent, or 194 points, to a two-week low of 5,813 this morning. 

Markets have been spooked by reports Boris Johnson is preparing to re-introduce restrictions which could throttle business activity once again.

It came as the government's two top scientists Professor Chris Whitty and Sir Patrick Vallance warned the UK faces 50,000 new daily cases by the middle of October if the disease is not brought under control. 

Richard Hunter, head of markets at Interactive Investor, told MailOnline: 'The threat of another lockdown is what's really weighing on the markets today.' 

The FTSE rally which followed the easing of the first lockdown fizzled out this month as the spread of the virus began to accelerate.  

Concerns of another lockdown were today compounded by an investigation into money laundering which implicated two big banks. 

Fears of a second coronavirus lockdown appears to have wobbled investor confidence and put the FTSE 100 on course for its worst day in three months

Fears of a second coronavirus lockdown appears to have wobbled investor confidence and put the FTSE 100 on course for its worst day in three months

London's blue-chip stock exchange slumped 3 per cent, or 194 points, to a two-week low of 5,813 this morning

London's blue-chip stock exchange slumped 3 per cent, or 194 points, to a two-week low of 5,813 this morning

British Airways-owner IAG plunged 12.6 per cent today, a blow to the national flag carrier which is already burning through £20million each day and is facing the worst crisis in its 100-year history

British Airways-owner IAG plunged 12.6 per cent today, a blow to the national flag carrier which is already burning through £20million each day and is facing the

read more from dailymail.....

NEXT Troubled girl, 16, takes her own life on school grounds