FTSE suffers worst week since June on Crimea and China concerns

The FTSE 100 index has endured its worst week since June as investors became increasingly nervous ahead of the planned referendum in Crimea due on Sunday.

Following weeks of tensions between Russia and Ukraine, Crimea is set to hold an unofficial referendum on independence this Sunday. Worries about this, event, coupled with slowing growth in China, have weighed on Britain's flagship index all week and it finished Friday down 0.4% at 6,528, its sixth straight daily loss. The 2.75% fall on the week marks the FTSE's worst weekly performance since the week ending 21 June last year, when the blue chip index dropped 3%. The index was dragged further down on Friday, after key markets across Asia shed more than 3% overnight on the back of e...