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FTSE 100 slips as pound recovers, Diageo slides

Published 09/13/2019, 03:25 PM
Updated 09/13/2019, 03:30 PM
FTSE 100 slips as pound recovers, Diageo slides
UK100
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AZN
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DGE
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ULVR
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FTMC
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INOV
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.1%, FTSE 250 up 0.1%
* SSE rises on unit sale
* Dollar earners weigh on main index

Sept 13 (Reuters) - Britain's main index edged lower on
Friday as exporter stocks took a hit from a rise by the pound to
near two-month highs, while energy supplier SSE shone after
agreeing a deal to sell its retail segment.
The FTSE 100 .FTSE fell 0.1%, with international companies
including AstraZeneca AZN.L and Unilever ULVR.L weighing the
most, while the more domestically-focussed FTSE 250 .FTMC
inched 0.1% higher.
Diageo DGE.L , the world's largest spirits company and
another stock sensitive to moves in sterling, lost 2%. Reuters
reported on Thursday that unions were demanding a 5% pay rise
for workers due to go on strike in Scotland later this month.
Among midcaps, Woodford Patient Capital Trust WPCT.L ,
money manager Neil Woodford's listed fund, fell 7% after the
trust's administrator cut the valuation of one of its holdings.

($1 = 0.8079 pounds)

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