British stocks edge lower in muted trading

  • Reuters
  • Stock Market News
British stocks edge lower in muted trading

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100, FTSE 250 down 0.1%

* BoE meeting, Brexit vote eyed

* TUI, Capita drop on brokerage actions

Dec 19 (Reuters) - UK shares inched lower in light trading on Thursday, as a lack of major drivers led investors to lock in some of the recent gains ahead of the Christmas holiday season.

The FTSE 100 .FTSE and the FTSE 250 .FTMC edged 0.1% lower by 0807 GMT.

Traders are looking ahead to a Bank of England meeting later on Thursday and a parliamentary vote on Prime Minister Boris Johnson's Brexit deal on Friday, though neither is expected to jolt markets.

Rating actions drove some moves, with blue-chip tour operator TUI TUIT.L dipping 2% after Berenberg cut its rating on the stock. Mid-cap outsourcing group Capita CPI.L dropped 4% on a Deutsche Bank (DE: DBKGn ) rating downgrade.

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