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London stocks slip from near two-week highs as COVID-19 fears weigh

Published 07/07/2020, 03:25 PM
Updated 07/07/2020, 03:30 PM
© Reuters.
UK100
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RCH
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FTMC
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FTNMX301010
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FTNMX501010
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FTNMX201030
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PLUSP
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.9%, FTSE 250 off 0.4%

July 7 (Reuters) - London-listed shares retreated on Tuesday
as investors booked profits after a strong rally in the previous
session, with a surge in U.S. coronavirus cases also weighing on
sentiment.
The export-laden FTSE 100 .FTSE was down 0.9% after
marking its best session in nearly three weeks on Monday in the
wake of a jump in Chinese blue-chip stocks. MKTS/GLOB
The mid-cap FTSE 250 .FTMC fell 0.4%, with banks
.FTNMX8350 , pharmaceutical .FTNMX4570 and construction
.FTNMX2350 stocks leading declines.
Newspaper publisher Reach RCH.L tumbled 10.8% and was set
for its worst day in more than three months as it said it would
cut about 550 jobs — 12% of its workforce — after the COVID-19
pandemic hit circulation and advertising. In a bright spot, online trading platform Plus500 PLUSP.L
jumped 5.7% to the top of the FTSE 250 after saying revenue in
the first-half nearly quadrupled.

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