(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 slips 0.2%, FTSE 250 down 0.3%
March 4 (Reuters) - UK stocks inched lower in early trading
on Wednesday as investors worried about the extent of the global
economic fallout from the coronavirus epidemic after a surprise
interest rate cut by the U.S. Federal Reserve.
The blue-chip index fell 0.2% after rising for two
straight days, while the domestically focussed mid-cap index
slipped 0.3%.
Wall Street had tumbled overnight as the unexpected move by
the Fed alarmed rather than soothed investors already worried
about economic growth amid the fast-spreading virus outbreak.
Among individual stocks, mall operator Intu
slumped 41.2% as it scrapped a planned equity raise and said
there was a risk that it might breach some of its debt covenants
this year.
British life insurer Legal & General tumbled 2.6%
to the bottom of the FTSE 100 despite posting a
higher-than-expected rise in 2019 operating profit.
(Reporting by Devik Jain in Bengaluru; editing by Patrick
Graham)
Legal & General (LGEN)
BP (BP.)
