BUSINESS LIVE: FTSE And Pounds Drop As New Covid Debris Crisis Takes Nation; Frasers Group warns of profits; Arcadia sells Evans to an Australian company
The FTSE 100 and the pound are deep in the red this morning as a new breed of Covid unleashes a crisis that grips the nation.
Sentiment is not supported by any further signs that the EU trade agreement negotiations are at an impasse.
In company news, administrators of the collapsed retail group Arcadia have agreed to sell their Evans brand, e-commerce and wholesale business to Australian company City Chic Collective for £ 23 million.
Mike Ashley’s retail empire Frasers has issued a profit warning that it is unlikely to match its previous forecast of 20 to 30 percent profit growth this year.
Chaos: trucks line up before boarding a train to France via the Channel Tunnel