FTSE 100 slips as COVID-19 cases jump

  • 6/30/2021
  • 00:00
  • 10
  • 0
  • 0
news-picture

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 0.1%, FTSE 250 flat June 30 (Reuters) - London’s FTSE 100 slipped on Wednesday over concerns that a recent jump in coronavirus infections in the UK could hinder the pace of economic growth, taking the shine off what is likely to be a fifth straight month of gains for the blue-chip index. The FTSE 100 fell 0.1% with heavyweight financials leading declines. A fifth month of consecutive gains would be the index’s best winning streak since 2016. Retailers slipped 0.3% as growing costs linked to COVID-19 and Brexit might add to the rise in broader inflation soon, an industry group said. The domestically focussed mid-cap index was flat. Among stocks, Dixons Carphone dropped 0.4% even after the electricals retailer reported a 34% rise in annual profit. Opioid addiction treatment maker Indivior Plc jumped 10.8% to the top of the FTSE 250 index after it said its 2021 revenue and profit would be significantly above its previous outlook. (Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu) Our Standards: The Thomson Reuters Trust Principles.

مشاركة :