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Latest Share Chat

Britain's FTSE lags Europe as dollar earners dip

Thu, 05th Dec 2019 09:05

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

* FTSE 100 down 0.2%

* IGG and DS Smith slide after results

* M&G down 2% on suspension in dealing in property fund

LONDON, Dec 5 (Reuters) - Britain's top share index lagged
other European markets on Thursday, dragged down by dollar
earners as sterling continued to march higher amid growing
expectation that next week's general election will not result in
a hung parliament.

A stronger pound weighed on big dollar-earnings stocks such
as HSBC, Unilever and miners, dragging the
blue-chip FTSE 100 index down 0.2% lower by 0842 GMT.

Britain's pound rallied to a 2-1/2 year peak against the
euro and a seven-month high against the dollar.

Online trading platform IG Group and DS Smith
were among the biggest fallers in percentage terms,
both down more than 3, after their results failed to cheer
investors.

Fund manager M&G Investments, meanwhile, fell more
than 2% having suspending dealing in its flagship UK property
fund on Wednesday, citing the impact of Brexit uncertainty.

(Reporting by Thyagaraju Adinarayan
Editing by David Goodman
)

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