FTSE 100 pares losses; JP Morgan apologises for European Super League kerfuffle
London's leading index was down 14 points to 6,923
FTSE 100 down 14 points
JP Morgan apologises
3.30pm: JP Morgan apologises for European Super League kerfuffle
FTSE 100 pared its losses before close and was down 14 points to 6,923.
US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it misjudged the mood of the European football public.
The Wall Street giant had arranged a £4bn finance package to bankroll the project, but it collapsed within days of being announced due to a furious backlash from fans, players and politicians.