Investing.com - Financial Markets Worldwide
🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

UK stocks slip as Fed rate cut hopes fade, IAG falls on fine

Published 07/08/2019, 03:26 PM
Updated 07/08/2019, 03:30 PM
UK stocks slip as Fed rate cut hopes fade, IAG falls on fine
UK100
-
IMB
-
FTMC
-
ICAG
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 down 0.1%
* Banks, IAG among biggest drags
* Imperial Brands up on dividend plans, share buyback

July 8 (Reuters) - London's FTSE 100 inched lower on Monday
as markets remained subdued on dampened hopes of a hefty rate
cut by the U.S. central bank, while IAG slipped after a British
regulator signalled it could fine the airline for a 2018 data
theft.
The FTSE 100 index .FTSE was 0.1% lower by 0707 GMT,
tracking losses in Asian markets. The FTSE 250 midcap index
.FTMC also fell by the same margin.
Strong U.S. jobs data last week put off bets that the U.S.
Federal Reserve would give in to calls for aggressive policy
easing. That has put the main UK index on course for its third
session of losses - its longest losing streak in two months.
British Airways owner International Consolidated Airlines
Group ICAG.L lost as much as 1.5% after it said the
Information Commissioner's Office (ICO) could impose a penalty
of 183.4 million pounds ($229.5 million) for the theft of
customer data from the airline's website last year. Imperial Brands IMB.L helped contain the losses on the
blue-chip index, rising 2% after announcing plans for a
200-million-pound buyback and a revision to its dividend policy.
= 0.7990 pounds)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.