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Evening Standard
Evening Standard
Business
Graeme Evans and Naomi Ackerman

FTSE 100 Live: Businesses react to Boris Johnson speech, gilts spike on soaring gas prices, Tesco ups guidance

The global energy crisis continues to be the main focus for markets after a fresh surge in UK natural gas futures deepened inflation fears and sent the FTSE 100 index down more than 1%.

Natural gas is now at the oil equivalent price of over $200 a barrel, having risen further today amid a global supply shortage.

Supermarket giant Tesco offered some cheer for investors, however, reporting a big jump in half-year profits alongside forecasts for a better-than-expected financial year overall.

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