FTSE 100 hit by worst slide in nearly a year as banks sink and oil shock spooks markets
London stocks tumbled on Tuesday, the FTSE 100 sinking 296 points—down 2.8% to 10,484.13—in its heaviest one-day fall in nearly a year. Rallying energy costs stoked inflation concerns, squashing any short-term hope for rate cuts. The FTSE 250 fared worse, losing 3.1%.
