Shares fall as oil surge fuels inflation fears
London stocks fell on Thursday as oil prices surged above $105 and US producer inflation data raised concerns. The FTSE 100 closed down 0.6%, while the FTSE 250 dropped 0.9%. The ECB raised interest rates by 25 basis points, citing inflationary pressures. Associated British Foods fell 7.9% due to weak Primark sales, while THG dropped 13% on EU duty warnings. Empyrean Energy and Eleco surged on project completion and takeover news, respectively.

