9 April 2021 | 09:34am
StockMarketWire.com - The FTSE 100 cooled its rally Friday as banks and travel-related stocks fell, though the broader market recovery is expected to continue as the country eyes a further lifting of restrictions next week.
At 09:22, the benchmark FTSE 100 index was down 31 points, or 0.5%, at 6,910.86.
Babcock slumped Friday as the defence company is reportedly set to announce a string of asset writedowns costing several hundred million pounds, according to a Financial Times report, citing unnamed sources.
Babcock's share price fell 8.50% to £2.17. Military equipment company Avon Rubber said it remains 'confident' of achieving its expectations for the current financial year as positive momentum continued into the second quarter.