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London stocks hammered as Britain records first virus death

Fri, 06th Mar 2020 08:18

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

* FTSE 100 down 1.5%, FTSE 250 drops 1.9%

March 6 (Reuters) - UK stocks fell again on Friday as
growing economic risks from the coronavirus outbreak shattered
investor confidence, with Britain recording its first death from
the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip
index's gains from earlier this week. Export-heavy companies
have now lost over $230 billion in value since the epidemic
sparked a worldwide rout last week.

The domestically focussed mid-cap index was down
1.9%.

Cruise operator Carnival dropped 4.2% to its lowest
level since 2012, a day after its Grand Princess ocean liner was
barred from returning to its home port of San Francisco on virus
fears.

Britain said an older person with underlying health problems
had succumbed to the flu-like virus on Thursday, while the
number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1%
after it said its treatment for a form of bladder cancer failed
to meet the main goal of improving overall survival in patients
in a late-stage study.
(Reporting by Devik Jain and Shivani Kumaresan in Bengaluru;
Editing by Bernard Orr)

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