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FTSE indexes post weekly losses on mixed earnings, budget angst

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Oct 25 - London's blue-chip stock index slipped on Friday as investors assessed a mixed bag of corporate earnings ahead of a highly awaited first budget from the country's new government next week.

The FTSE 350 medical equipment & services index ,was the worst-hit sector on the day, down 2.5%, weighed down by Smith & Nephew . A survey showed British consumer confidence fell to the lowest level since March amid concerns about possible tax hikes. Intertek Group ,lost 1.1% after HSBC initiated coverage on the British product testing firm's stock with a"reduce" rating.

 

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