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* FTSE 100 down 0.3%, FTSE 250 drops 1.5%
April 15 (Reuters) - Britain's FTSE 100 edged lower on
Wednesday, as investors fretted over the mounting evidence of
economic damage caused by the coronavirus pandemic and the
sell-off it has driven on global financial markets.
The blue-chip index .FTSE fell 0.3% by 0715 GMT, extending
losses from Tuesday on signs Britain was headed for a longer
lockdown and forecasts that the economy could shrink by 13% this
year, its deepest recession in 300 years.
The domestically focused midcap index .FTMC , stuffed with
companies more purely exposed to the British economy, fell 1.5%.
Asset manager Jupiter Fund Management JUP.L dropped 5.6%
after reporting an 18.3% drop in assets under management in the
first quarter as fears over the coronavirus pandemic rattled
financial markets. Peer Quilter Plc QLT.L also slipped 3.8%.
Shares in Kromek KMK.L , a global supplier of medical
devices, shot up 34.7% after announcing plans to start the
manufacturing of medical ventilators in Britain and globally
under a licence from Japan's Metran.
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FTSE 100 dips as asset managers take hit from coronavirus sell-off
Published 04/15/2020, 03:27 PM
Updated 04/15/2020, 03:30 PM
FTSE 100 dips as asset managers take hit from coronavirus sell-off
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