🧠 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickCOPY FOR FREE

FTSE 100 slips as British Airways, virus concerns weigh

Published 2020/10/22, 09:16
Updated 2020/10/22, 09:18
© Reuters.
UK100
-
ULVR
-
FTMC
-
ICAG
-
FTNMX502030
-
FTUB3510
-

(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 0.8%, FTSE 250 loses 0.4%

Oct 22 (Reuters) - The FTSE 100 retreated on Thursday after British Airways-owner IAG posted a quarterly loss, while investors looked to a parliament address later in the day by Finance Minister Rishi Sunak on the economic outlook.

The blue-chip FTSE 100 index .FTSE fell 0.8%, with IAG ICAG.L sliding 5% as the airline group further downgraded its capacity outlook for the rest of the year due to coronavirus-related travel restrictions. domestically-focussed mid-cap FTSE 250 index .FTMC lost 0.4%, dragged by declines in real estate .FTUB8600 and industrial .FTNMX2720 stocks.

Sunak is expected to unveil additional measures to help struggling firms, media reports said, as he faces growing pressure to offer more support to businesses and workers hit by tightening COVID-19 lockdown rules. ULVR.L rose 0.8% after it reported a stronger-than-expected return to sales growth in the third quarter, led by emerging markets where it generates the bulk of its revenue.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.