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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: ‘Worries about contagion’, Deutsche Bank slides, FTSE closes down 1.3%

Banking stocks slipped further today, as shares in Deutsche Bank plunged in Frankfurt.

Elsewhere, UK economy’s robust start to the year continued today as retail sales beat expectations and consumer confidence hit a one-year high.

The Office for National Statistics said sales volumes rose by 1.2% in February as it also revised its January growth estimate to 0.9% from 0.5% previously.

Meanwhile, GfK’s measure of consumer confidence showed a reading of minus 36, up from minus 38 previously as expectations for the UK economy continue to improve.

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