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Banks lead Britain's FTSE 100 lower; IWG shines

Published 08/27/2019, 03:33 PM
Updated 08/27/2019, 03:40 PM
Banks lead Britain's FTSE 100 lower; IWG shines
UK100
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HSBA
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PRU
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IWG
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.4%, FTSE 250 down 0.1%
* Banks drag down blue-chip index
* Midcap office space provider IWG at record high

Aug 27 (Reuters) - London's FTSE 100 dipped on Tuesday as
investors returning from a holiday-extended weekend overlooked
U.S. President Donald Trump's softer stance on its trade war
with China, while office space provider IWG scaled a life high
after reports of U.S. listing plans.
Losses on the main index were led by Asia-focused financial
stocks including HSBC HSBA.L and Prudential PRU.L after Hong
Kong's leader said violence in the city's anti-government
protests was becoming more serious.
The FTSE 100 .FTSE was 0.4% lower by 0710 GMT, starting
off yet another week on the back foot after suffering losses for
four consecutive weeks. The FTSE 250 midcap index .FTMC was
down 0.1%.
Despite U.S. President Donald Trump's prediction of a trade
deal with China after positive gestures by Beijing, traders are
still awaiting more details after tit-for-tat tariffs that went
north of $500 billion weighed down financial markets last week.
IWG IWG.L , however, jumped 5% to be among top gainers on
the midcap index after Sky News report over the weekend that the
company was planning to list its U.S. arm in New York for three
billion pounds.

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