FTSE 100 hit by worst slide in nearly a year as banks sink and oil shock spooks markets
The FTSE 100 fell 2.8% to 10,484.13 on Tuesday, its sharpest drop in nearly a year, as rising oil prices and Middle East tensions fueled inflation fears and cut UK rate-cut bets. Banks and travel stocks led losses. The FTSE 250 slid 3.1%. Bond yields rose as investors demanded higher returns on government debt.
