Air India plane with 242 on board crashes
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London's FTSE 100 retreated on Friday after closing at a record high in the previous session as Israel's attacks on Iran ramped up geopolitical tensions, but gains in energy stocks limited declines. The benchmark FTSE 100 was down 0.
The AI-171 Boeing Dreamliner 787-8 aeroplane bound for London's Gatwick had crashed shortly after it took off from the Ahmedabad International Airport on Thursday. The airlines said only one out of the 242 people on board the aircraft survived the crash.
The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
However, London’s market exodus, which last year reached its highest level since the financial crisis, extends beyond the 2021 cohort. On Monday FTSE 250 high-tech manufacturer Spectris also bowed to a £4.4bn takeover by American private equity firm Advent.
Demand for premium office space in cities like London and Paris is heating up as more companies order staff back to the office, but investment is lagging and could worsen a supply crunch, property sources said.
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