London stocks slip on glum earnings ahead of Jackson Hole
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100, FTSE 250 both down 0.2%
Aug 27 (Reuters) - London-listed shares retreated on Thursday as earnings updates from firms including Rolls-Royce underlined the extent of the corporate damage from the COVID-19 pandemic ahead of the annual Jackson Hole central bankers' conference later in the day.
The blue-chip FTSE 100 .FTSE and the mid-cap FTSE 250 .FTMC fell 0.2% each, with banks .FTNMX8350 , insurers .FTNMX8530 and real estate stocks .FTUB8600 leading the declines.
Rolls-Royce RR.L tumbled 5.9% after sinking to a first-half underlying loss before tax of 3.2 billion pounds ($4.2 billion). The wider aero and defence index .FTNMX2710 lost 1.4%. Plc HAYS.L , one of the world's biggest recruitment agencies, rose 0.9% even as it posted a 12% fall in annual net fees and saying it expected to cut more jobs this quarter. are now awaiting an address by U.S. Federal Reserve Chair Jerome Powell to kick off the virtual Jackson Hole Symposium later on Thursday. Bank of England chief Andrew Bailey is scheduled to speak at the meeting on Friday.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or