London stocks hammered as GDP shrinks, retail sales plunge
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(Reuters) - UK stock markets fell on Wednesday as data showed a nationwide shutdown crushed retail sales in April, while the economy shrank by a record 5.8% in March in further evidence of the business damage caused by the novel coronavirus outbreak.The retail index tumbled 1.2% after surveys showed British retail spending plunged by nearly a fifth and a broader measure of consumer spending fell by more than a third in April.The blue-chip FTSE 100 was down 1%, snapping a five-day winning..