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FTSE 100 ends worst session in nearly two-months; cigarette makers, oil stocks weigh | Malay Mail

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LONDON, April 21 ― London's FTSE 100 ended lower yesterday, dragged down by stocks of heavyweight oil companies and cigarette makers, while Associated British Foods slipped after a downbeat first-half earnings update. The blue-chip index dropped 2 per cent, the highest single day fall since...

Wednesday, 21 Apr 2021 08:17 AM MYT

Shares of AB Foods fell 5.9 per cent after it posted a 50 per cent drop in first-half profit, hurt by Covid-19 lockdowns that shuttered its Primark fashion stores. “While today's losses are quite large, they don't appear to be being driven by concerns over the economic outlook,” said Hewson.

 

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