London market to focus on British budget this week

LONDON: THE London stock market, shaken by Japan's nuclear crisis and the prospect of UN-backed military strikes in Libya, will switch focus this week to the British government's annual budget.

London's FTSE 100 Index fell 1.9% over the past week to finish at 5,718.13 points on Friday. The FTSE had dived by 2.7% the previous week as investors fretted over the impact of Japan's devastating earthquake and tsunami which struck on March 11.