London stocks slump on lockdown worries, Brexit uncertainty

  • Reuters
  • Stock Market News
London stocks slump on lockdown worries, Brexit uncertainty
Credit: © Reuters.

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* FTSE 100 down 1.6%, FTSE 250 drops 1.2%

Oct 15 (Reuters) - London's FTSE 100 fell for a fourth straight session on Thursday, pressured by ex-dividend trading, with investors also taking cash off the table on the prospect of stricter coronavirus lockdowns and Brexit-related uncertainty.

The FTSE 100 index .FTSE fell 1.6%, with aero .FTNMX2710 , travel and leisure .FTNMX5750 , energy .FTNMX0530 and insurance .FTNMX8570 stocks leading the declines.

Business supplies distributor Bunzl Plc BNZL.L and Britain's biggest retailer Tesco Plc TSCO.L fell 1.3% and 2.6%, respectively, as they traded without dividend.

The domestically-focussed mid-cap FTSE 250 .FTMC lost 1.2%.

EU leaders are set to meet in Brussels later in the day where they will pressure Britain for concessions in Brexit trade talks, a day after British Prime Minister Boris Johnson expressed his disappointment over progress in negotiations. operator Marston's MARS.L shed 2.5% after it announced job cuts as a result of a new round of coronavirus restrictions in the UK.

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