THE value of Yorkshire’s listed firms fell by £700m in the share sell-off that followed the so-called Black Monday on China’s markets.
The FTSE 100 fell 4.7% in the biggest one-day fall in six years, wiping off £74bn of the combined worth of the country’s largest public companies.
The region’s firms were dragged down in a day’s trading that saw 99 of the top 100 companies suffer a fall in their share price.
Bradford-based supermarket chain Morrisons lost £65m, despite being the third-best performing stock on the FTSE 100 index.
The biggest Yorkshire fallers in terms of value on the FTSE 250 were Provident Financial, which lost £215m as its shares dropped 5%, and Croda, whose 4% fall cost it £165m. Four other companies lost around £50m in their value as Drax (down £53m), Pace (£51m), SIG (£48m) and Cranswick (£47m) were all affected by the sell-off that gripped global markets.
