Economy worries drag FTSE 100 lower, British Airways owner slides

– UKs bluechip index slipped on Friday, with British Airways owner falling the most after disappointing earnings, while worries about the economy weighed on the mood after a recession warning from the Bank of England. p

pThe FTSE 100 slipped 0.5 by 0727 GMT. The midcap FTSE 250 index fell 0.8, on course for its biggest weekly decline in two months.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pSterling extended losses on Friday to fall below 1.23 after the central bank warned on Thursday that Britain risks a doublewhammy of a recession and inflation above 10 as it raised interest rates to their highest since 2009.p

pBritish Airwaysoperator IAG fell 6.8 as it reported a biggerthanexpected quarterly operating loss due to the impact of the Omicron variant and the cost of ramping up capacity.p

pHoliday Innowner IHG slipped 0.9 despite signalling a sharp rebound in the hospitality sector.p

pOverall, UKs travel & lesiure index fell 1.6.p