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FTSE 100 falls as stronger pound, oil stocks weigh

Published 04/13/2021, 03:29 PM
Updated 04/13/2021, 03:30 PM
© Reuters.

(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 0.1%, FTSE 250 flat

April 13 (Reuters) - London's FTSE 100 fell on Tuesday,
dragged lower by losses in export-oriented stocks and energy
firms, while data showed Britain's economy grew in February as
companies got ready for the lifting of a third coronavirus
lockdown.
The blue-chip index .FTSE edged down 0.1%, with shares of
large dollar-earning consumer staples companies Unilever
ULVR.L , Diageo Plc DGE.L , and British American Tobacco
BATS.L falling between 0.3% and 0.6% on a slightly stronger
pound. GBP=
Miners Rio Tinto RIO.L , CRH Plc CRH.L and Antofagasta
Plc ANTO.L rose between 0.8% and 2.1%.
The domestically focussed mid-cap FTSE 250 index .FTMC
traded flat, with engineer Babcock International Group BAB.L
surging 14.8% to the top of index as it unveiled a restructuring
plan after flagging a 1.7 billion pounds ($2.34 billion) charge
on profitability review of its contracts.
Official data showed Britain's economy grew by 0.4% in
February from January, while the fall in gross domestic product
in January was not as severe as previously estimated, down by
2.2% compared with the initial reading of a 2.9% drop.

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