Economy worries drag FTSE 100 lower, British Airways owner slides ✔️ Stratford Management Tokyo Japan

May 6, 2022
Posted by: Stratford Team
Category: Economy

British Airways tail fins are pictured at Heathrow Airport in London, Britain, May 17, 2021. REUTERS/John Sibley

FTSE 100 down 0.5%, FTSE 250 off 0.8%

May 6 (Reuters) – UK’s blue-chip index slipped on Friday, with British Airways owner falling the most after disappointing earnings, while worries about the economy weighed on the mood after a recession warning from the Bank of England.

The FTSE 100 (.FTSE) slipped 0.5% by 0727 GMT. The midcap FTSE 250 index (.FTMC) fell 0.8%, on course for its biggest weekly decline in two months.

Sterling extended losses on Friday to fall below $1.23 after the central bank warned on Thursday that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates to their highest since 2009. read more

British Airways-operator IAG (ICAG.L) fell 6.8% as it reported a…