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London stocks end lower on China data, job market jitters | Malay Mail

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LONDON, July 17 ― The FTSE 100 slipped from three-week highs yesterday as apprehension over the local job market and a drop in China's retail sales chipped away at hopes for a swift economic recovery from the coronavirus pandemic. The blue-chip FTSE 100 was down 0.7 per cent and the mid-cap FTSE...

People walk through the lobby of the London Stock Exchange in London. The blue-chip FTSE 100 was down 0.7 per cent and the mid-cap FTSE 250 was 0.6 per cent lower. ― Reuters pic

Ladbrokes owner GVC Holdings was among the worst performers on the FTSE 100 after it said long-time Chief Executive Kenny Alexander was retiring. “Nearly all of Hays’ territories have seen net fee income drop in the order of 30 per cent bar the US, which is a little better, and the UK and Ireland, which are markedly worse,” Russ Mould, investment director at AJ Bell wrote in a note to clients.

In other earnings news, Anglo American shed 1.2 per cent after posting an 18 per cent decline in overall second-quarter output. Global miner Rio Tinto traded flat ahead of its quarterly production results today.

 

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London stocks track declines in Asia; Ladbrokes owner slides | Malay MailLONDON, July 16 — The FTSE 100 slipped from three-week highs today as US-China tensions and the surge in global coronavirus infections weighed on sentiment, while Ladbrokes owner GVC tumbled after it said its long-time chief executive officer would step down. GVC Holdings fell 5.8 per cent to the...
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