(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 2.3%, FTSE 250 off 1.9%
June 15 (Reuters) - London's FTSE 100 fell more than 2% on
Monday as a record number of new cases of the novel coronavirus
in Beijing and underwhelming data from China raised concerns of
a slower economic recovery from the COVID-19 pandemic.
The FTSE 100 .FTSE was down 2.3%, with BP Plc BP.L
sliding 5% to the bottom of the commodity-heavy index after
saying it would write off up to $17.5 billion in the value of
its assets. The mid-cap FTSE 250 .FTMC fell 1.9%, led by declines for
the mining .FTNMX1770 , banking .FTNMX8350 and energy
.FTNMX0530 sectors.
Recruiting firm SThree STEMS.L slid 3.7% on reporting
lower half-year net fees as the pandemic forced businesses
around the world to put a freeze on hiring activity.
But business supplies distributor Bunzl BNZL.L jumped 8.3%
as it forecast an increase in revenue for the first half of the
year, boosted by robust demand from the grocery, safety and
healthcare sectors in the first few months of the coronavirus
crisis.
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London stocks tumble on fears of second virus wave; BP slides
Published 06/15/2020, 03:19 PM
Updated 06/15/2020, 03:20 PM
London stocks tumble on fears of second virus wave; BP slides
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