FTSE rocked by London blasts

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In the UK, the FTSE 100 Index has tumbled 73.90 points or 1.41% to 5155.70, on the back of a series of bomb blasts rocking the nations capital, London.

The benchmark had earlier fallen as much as 2.85% as events unfolded at several tube stations in central London and a reported bomb blast on a bus near Russell Square this morning. It is the first day of losses in almost two weeks of trading of the UK’s biggest listed companies, with Retailer, Gus losing 25.5p or 3% to 841.5p, along with sugar firm, Tate & Lyle down 10.5p to 464.50. The firm is reeling following proposed changes by the European Commission to its subsidy-laden sugar regime, in which the Commission wants to slash the EU's white sugar subsidy by 39% and the minimum price for...

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