FTSE tanks in early trade, Superdry to delist – Market Report [Video]

The FTSE 100 sank in early trading as heightened tensions in the Middle East and higher-than-expected UK unemployment data hit.

Following losses yesterday, Israel’s comments overnight that there would be a response to Iran’s weekend attack knocked sentiment further, taking 100 points off the market early on.

Adding pressure was news UK unemployment for December to February came in at 4.2%, ahead of the 4% expected by the market.

Among companies, Superdry dealt the latest blow to London with plans to delist after a tough year of trading.

Shares in Dr Martens took a blow in the meantime, on news chief executive Kenny Wilson was to depart the company.

And finally, DS Smith agreed to a £5.8 billion takeover by International Paper, turning its back on an agreement in principle Mondi, made last month.

#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #marketreport #ftse #ftse100 #footsie #superdry #drmartens #dssmith #interationalpaper #mondi