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FTSE 100 retreats after rallying on recovery optimism

Published 06/04/2020, 03:20 PM
Updated 06/04/2020, 03:30 PM
UK100
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BP
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SHEL
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FTMC
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FTNMX301010
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FTNMX303010
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LOOK
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FTUB3510
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AML
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* FTSE 100 down 0.4%, FTSE 250 off 0.6%

June 4 (Reuters) - London's FTSE 100 dipped from three-month
highs on Thursday following strong gains earlier in the week on
bets of a rebound in post-coronavirus economic activity, while
energy firms tracked a fall in oil prices.
The blue-chip index .FTSE was down 0.4% and on track to
post its first decline this week. BP Plc BP.L and Royal Dutch
Shell Plc RDSa.L shed 0.4% and 1.1%, respectively, and were
among the biggest drags on the FTSE 100. O/R
The mid-cap FTSE 250 .FTMC fell 0.6%, also set to snap a
three day winning streak, with real estate stocks .FTUB8600 ,
life insurers .FTNMX8570 and banks .FTNMX8350 among the
biggest percentage losers.
Car dealership firm Lookers LOOK.L tumbled 5.2% after
setting out plans to close 12 sites and lay off 1,500 employees
amid the coronavirus crisis, and saying a probe into its
operations highlighted the need to improve "some behavioural and
cultural aspects". Luxury carmaker Aston Martin AML.L shed 5.4% on announcing
plans to shed up to 500 jobs as it seeks to bring its cost base
into line with reduced sports car production levels.

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