FTSE Slips on North Korea Fears

Trump said on Thursday that his comment earlier in the week that North Korea should face "fire and fury" if it continued to make threats maybe "wasn't tough enough," the New York Times reported.

On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

The VIX, the Chicago Board Options Exchange Volatility Index, which measures market expectations for swings in stock prices and traders use as a fear gauge, closed the day on Thursday at 16.04, its highest close since the day of the United States presidential election in November.

'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK.

Equity screens were also awash with red in Asia as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric. The statement has dominated the headlines, and is one of the main drivers in the markets.

In the eurozone, the Paris CAC 40 lost 0.6 percent and Frankfurt's DAX 30 shed some 1.2 percent.

Trump tells Guam Governor 'you are safe'
Mr Trump agreed that, "They should have had me in years ago ... frankly you could have said that for the last three presidents". The president called the United States military "incredible, "rock solid" and "the best in the world by a factor of five".

On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros.

The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.

Brent, the worldwide crude benchmark, dropped 0.6% to $51.58 per barrel and WTI, the USA oil benchmark, slid 0.7% to $48.26 a barrel in recent trade.

On Friday, chief executive Bruce Hemphill said Old Mutual is making "excellent progress" in the break-up as he celebrated a 37% rise in adjusted operating profit to £969 million.

On the second tier, Domino's Pizza dropped 8.3p to 272p after the takeaway firm inked a partnership with its London franchise business.

The biggest risers on the FTSE 100 Index were Smurfit Kappa up 38p to 2,224p, Persimmon up 39p to 2,501p, DCC up 70p to 6,885p, Barratt Developments up 6p to 595.5p.

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