Qatar stock market tumbles after Gulf states cut ties, as UK services sector growth slows – business live

Shares in Qatar plunge 8% amid diplomatic crisis, as UK service companies report that new business growth weakened last month

After a rough session of heavy losses, the Qatar stock market has closed down 7.27%.

The Qatar Stock Exchange has closed down 7.27 per cent. All 44 stocks were in the red.

After a fairly quiet morning in London, the FTSE 100 has dropped by 22 points to 0.3% to 7525.

Mining stocks such as Antofagasta (-2.7%) and BHP Billiton (-1.8%) are among the fallers, tracking a 1% drop in the copper price.

The pound’s gains also ignored an unexpectedly weak services PMI. The figure fell from 55.8 to 53.8 month-on-month, the slowdown due to the dual pressures of rising inflation and pre-election jitters.

The FTSE ended up bearing the brunt of the bad news, falling 0.3%; the index wasn’t helped by its mining stocks, which dropped between 1.5% and 2.5% thanks to copper’s own 1% decline.

“Geoff Ho is an absolutely first class reporter and a fine and decent man and our thoughts are with him and his family at this time.

“We are all hoping and praying for a speedy recovery.”

Thank you every one for the best wishes. I got out of surgery yesterday and am on the mend.

Sunday Express business editor Geoff Ho injured after confronting London Bridge attacker

So upset to find out this morning that Geoff Ho @FinanceHog was caught up in last nights attacks. Praying for speedy recovery #LondonBridge

Wishing a full and speedy recovery to Geoff Ho aka @FinanceHog – a top business hack, always a pleasure to deal with

Continue reading…

Read full original article »