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Energy stocks, stronger pound drag FTSE 100 lower as virus worries remain

Published 11/13/2020, 04:16 PM
Updated 11/13/2020, 04:20 PM
© Reuters.
UK100
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WTB
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FTMC
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FTNMX551030
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FTNMX601010
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 0.9%, FTSE 250 falls 0.6%

Nov 13 (Reuters) - London's FTSE 100 slipped on Friday as
concerns about a jump in COVID-19 infections hit energy stocks
and a stronger pound pressured exporters, although the index was
still set for its best weekly run since June on hopes of an
effective vaccine.
The commodity-heavy index .FTSE fell 0.9%, with energy
.FTNMX0530 and bank .FTNMX1770 stocks being among the
biggest decliners. O/R
The domestically-focussed mid-cap FTSE 250 index .FTMC
lost 0.6%, even as a media report said finance minister Rishi
Sunak was preparing a further multibillion-pound giveaway to
spur consumer spending. Both the indexes are tracking their best week since June 5
after U.S. drugmaker Pfizer Inc PFE.N said on Monday its
COVID-19 vaccine was 90% effective.
In company news, Premier Inn owner Whitbread Plc WTB.L
jumped 2.9% to the top of the FTSE 100 index after Barclays
upgraded the stock to "overweight".

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