London stocks swept up in global sell-off on economic slowdown fears

(Reuters) – UK’s FTSE 100 fell on Thursday as investors globally fretted over the broadening impact of inflation on economic growth, while Royal Mail slid after reporting disappointing results. The blue-chip index dropped 0.7% by 0707 GMT, as Asian and European markets were hammered by a bruising sell-off on Wall Street after retail giant Target warned of a bigger margin hit. [.N] Britain’s consumer companies and retailers dropped 2.4% and 1.7%, respectively, leading sectoral losses. Oil & gas stocks held steady as Brent crude prices recovered early losses to trade above $110 a barrel. [O/R] R…

Read More