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FTSE 100 dips as Next, Diageo weigh, BoE statement awaited

Thu, 19th Sep 2019 08:34

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

* FTSE 100 down 0.2%, FTSE 250 down 0.1%

* Next, Diageo fall after weak updates

* Traders await BoE policy statement

Sept 19 (Reuters) - London's FTSE 100 was led lower on
Thursday by spirits-maker Diageo and clothing chain Next, while
traders awaited the Bank of England's policy decision after its
U.S. counterpart lowered interest rates but was guarded on
future cuts.

The blue-chip bourse edged 0.2% lower by 0707 GMT -
its fourth straight day in the red, while the more
domestically-focused FTSE 250 index dipped 0.1% ahead of
BoE's interest rate decision.

Next skidded 5% after it flagged that the first few
weeks of the Autumn season were disappointing and Diageo
slipped 1.4% after it said it was "not immune" to changes in
global trade policies as it laid out targets for the year.

Midcap constituent IG Group jumped 6% as it said
client numbers grew thanks to favourable market conditions in
August, while small cap Kier Group lost 7% after the
contractor posted an annual loss.
(Reporting by Muvija M in Bengaluru; Editing by Angus MacSwan)

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