Stocks dropped sharply on Thursday following Russia’s invasion of Ukraine.
In London, the FTSE 100 lost 291 points – or 3.9% – to finish at 7,207, its lowest since last December. The FTSE 250 shed 587 points, or 2.8%, at 20,254 – a low of more than a year.
The price of oil, meanwhile, has leapt, as has that of gold as investors seek safe havens.
In the real estate industry, the volatility led to the team at GCP Co-Living REIT, which aims to list sites once owned by The Collective, to delay its listing plans. The float was expected early next month, but the company said that “in light of the events in Ukraine over the past 24 hours, the decision has been taken to pause the active marketing”.
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