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Steady pound, growth worries pressure FTSE 100; Galliford jumps

Published 09/10/2019, 03:24 PM
Updated 09/10/2019, 03:30 PM
Steady pound, growth worries pressure FTSE 100; Galliford jumps
UK100
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BATS
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DGE
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VTYV
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GFRD
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AHT
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.4%, FTSE 250 flat
* Galliford climbs after deal talks
* Strong pound drags exporter stocks

Sept 10 (Reuters) - UK blue-chip shares slipped on Tuesday,
as a second set of disappointing data from China this week
cemented fears of a slowdown in global economic growth, while
gains in the pound amid fading no-deal Brexit worries hit
multinational stocks.
The FTSE 100 index .FTSE dipped 0.4%, having suffered its
worst day this month in the last session, with equipment rental
giant Ashtead AHT.L falling 3% after in-line results.
The more domestically-focussed index of midcaps .FTMC was
flat by 0705 GMT, supported by a 22% jump in Galliford Try
GFRD.L after the construction company said it had restarted
preliminary talks to sell its residential units to housebuilder
Bovis Homes BVS.L .
Sterling was seen close to a six-week high it hit on Monday
after parliament passed a bill blocking a no-deal Brexit,
weighing on British American Tobacco BATS.L and Diageo DGE.L
as strength in the local currency meant the value of their U.S.
earnings would be lower.

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