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FTSE 100 falls sharply on new virus variant fears

Written by on 26/11/2021

The FTSE 100 fell more than 3% as the market opened on Friday morning, reflecting fears that a new coronavirus variant could wreak further havoc on international business and travel.

Shares in major airlines plummeted with IAG, the owner of British Airways, falling more than 21% in early trading, while EasyJet plunged 16%.

Engine maker Rolls-Royce and oil giants BP and Shell were also among big fallers.

Overnight, Asian markets suffered their sharpest drop in two months after the detection of the possibly vaccine-resistant coronavirus variant.

 Sky News

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