People walk past the London Stock Exchange Group offices in

Virus, Inflation Woes Send FTSE 100 to Two-Month Low

The blue-chip FTSE 100 was down 1.4% by 0709 GMT, with BP and Royal Dutch Shell tracking a slide in oil prices.

Mining and financial stocks were also among the biggest decliners. No single FTSE 100 stock posted gains in early trading.

The mid-cap FTSE 250 tumbled 1.1% as Prime Minister Boris Johnson lifted most restrictions in England in what some have dubbed “Freedom Day” despite a new wave of COVID-19 cases.

Travel-related stocks sank for the fifth time in six days as the surge in infections raised the spectre of new travel curbs.

British Airways-owner IAG and InterContinental Hotels fell more than 2.5% to the bottom of the FTSE 100.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)