Stronger pound dents FTSE 100; Lloyds rises

  • Reuters
  • Stock Market News
Stronger pound dents FTSE 100; Lloyds rises
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* FTSE 100 down 0.5%, FTSE 250 adds 0.2%

Feb 24 (Reuters) - Britain's main stock index fell on Wednesday as a stronger pound weighed on exporters, while Lloyds Banking Group LLOY.L rose 1.4% after the bank resumed a dividend despite a sharp drop in annual profit.

The blue-chip FTSE 100 index .FTSE was down 0.5% by 0812 GMT as sterling rose to a three-year high against the dollar. GBP=

Financial and healthcare stocks, mainly HSBC Holdings HSBA.L , AstraZeneca AZN.L , and GlaxoSmithKline GSK.L , were the biggest drags to the index.

The mid-cap FTSE 250 index .FTMC gained 0.2%, led by consumer discretionary and industrials stocks.

Metro Bank MTRO.L fell 3.9% as it posted a much bigger annual loss and said it expects defaults to rise through the year as government support measures set in place due to the COVID-19 crisis are wound down. goods maker Reckitt Benckiser RB.L rose 0.9% after it capped 2020 with the strongest sales in its history.

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