FTSE LIVE: Shares slide back after record highs in US; Barclays boss Staley questioned over Epstein ties; Centrica blames price cap for huge loss; ‘Boris Bounce’ lifts house prices
Shares slid back down to earth today after all three major US markets saw record highs yesterday, as the number of new Covid-13 cases appeared to be slowing down.
Barclays boss Jes Staley is under investigation by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) over whether he accurately described the relationship between convicted sex offender Jeffery Epstein and himself during the time the banker ran JP Morgan’s private bank.
British Gas owner Centrica blamed the new price cap in the UK as it swung into a major loss for the year. Operating loss reached £849million in 2019, down from a profit of £987million in the 12 months before.
House prices have risen across the country for the first time in 18 months amid a surge in confidence among buyers and sellers following the Tory election triumph.