Bears feast on recession fear as £ 95bn falls off the FTSE – Telegraph.co.uk, The Telegraph

Fears that the UK has entered a pre-Brexit recession were reignited yesterday after dire services sector data signalled one of the worst months for the economy in more than a decade.

A frenzied sell-off on the FTSE 100 entered its second day as investors ran for cover,putting the blue-chip index on track for its biggest weekly fall since early January 2016.

Around £ 95 bn has been wiped off the market value of London’s biggest firms during four successive sessions of losses, including Wednesday’s 3.2pc wipe-out, hitting millions of savers’ pension investments as traders fret over the severity of a global economic slowdown. Miserable data from mainland Europe and the US suggested the world economy …