FTSE 100 reverses gains as week of ‘profit-taking’ takes toll on European stocks

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White House Correspondent

Global stock markets tumbled on Friday, with the UK’s top index wiping out gains from the previous day after the dust settled on a week dominated by central bank activity.

London’s FTSE 100 fell 98.73 points, or 1.19%, to end the week at 8,229.99.

Almost every stock on the blue-chip index lost ground on Friday, with some of the biggest losses coming from retailers including Frasers Group, Next and Burberry.

The fall came despite…

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