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FTSE hits lowest since mid March, profit alert sinks Kier

Published 06/03/2019, 03:25 PM
Updated 06/03/2019, 03:30 PM
FTSE hits lowest since mid March, profit alert sinks Kier
UK100
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BP
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SHEL
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.8%
* FTSE 250 down 0.7%
* Oil, banks biggest drags to main index
* Kier at 18-1/2-yr low after profit warning

June 3 (Reuters) - London's main stock market index fell
almost 1 percent to a near 12-week low on Monday as an exchange
of trade threats between Washington and Beijing stoked fears of
a slide into recession within a year as economic data from Asia
again disappointed.
Builder Kier was the biggest faller on the midcap FTSE 250
index, down 22% after warning on profits for 2019.
The main FTSE 100 index .FTSE was trading down 0.8% at its
lowest level since March 12 by 0710 GMT, while the midcap index
lost 0.7%.
China added to existing tensions over the weekend by warning
the United States not to meddle in security disputes over Taiwan
and the South China Sea, while Donald Trump also vowed to impose
punitive tariffs on all Mexican goods. Sectors which are more vulnerable to a disruption in
international trade were hit across the board, with 1% falls for
oil majors Shell RDSa.L and BP BP.L leading the losses among
blue-chip shares.

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