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London stocks fall as weak earnings weigh; Cineworld slumps

Published 09/24/2020, 03:38 PM
Updated 09/24/2020, 03:40 PM
© Reuters.
UK100
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MAB
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FTMC
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FTNMX405010
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CINE
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* FTSE 100 down 0.9%, FTSE 250 drops 1.1%

Sept 24 (Reuters) - UK shares dropped on Thursday as fresh
pandemic curbs threatened to derail a rebound in economic
activity, while cinema operator Cineworld tumbled after warning
it may need to raise funds to weather the crisis.
The FTSE 100 index .FTSE fell 0.9%, with travel and
leisure stocks .FTNMX5750 declining the most due to fresh
curbs on movement and social gathering.
The mid-cap index .FTMC lost 1.1%, with Cineworld CINE.L
tumbling 14.3% - on track to record its biggest single-day fall
in nearly five months, as it swung to a first-half loss.

Pub owner Mitchells & Butlers MAB.L fell 3.82% after it
said total sales for the 51 weeks ended Sept. 19 dropped 35% due
to store closures and a sharp slump in demand amid widespread
restrictions.

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