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London stocks slip from near two-week highs as COVID-19 fears weigh

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UK shares slipped on Tuesday after marking a strong start to the week as a surge in U.S. coronavirus cases weighed on sentiment, while Halfords tumbled after reporting a drop in quarterly sales despite remaining open during a nationwide lockdown.

FILE PHOTO: Construction work near the River Thames on the Greenwich Peninsula is seen next to the O2 and Canary Wharf financial district in London, Britain February 12, 2018. Picture taken through glass from the Emirates Air Line cable car. REUTERS/Russell Boyce

“Investors are getting back to the reality of rising coronavirus cases, which is causing some caution and fear to be back following yesterday’s rally,” said David Madden, analyst at CMC Markets in London. Data on Tuesday showed British house prices fell for a fourth month in a row in June, the longest run of monthly declines since 2010.

 

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