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* FTSE 100, FTSE 250 down 0.2%
* Oil companies, banks biggest drag on FTSE 100
* Tesco outshines the main index
* Tullow Oil plummets after co cancels dividend, CEO exits
Dec 9 (Reuters) - London's blue-chip stocks retreated on
Monday as oil majors and Asia-exposed financials fell after
disappointing exports data from China stoked growth worries,
while midcaps were weighed down by a 50% slump in Tullow Oil.
The FTSE 100 .FTSE was down 0.2% by 0808 GMT, with its
exporter stocks also taking a hit from gains in sterling ahead
of UK general election later this week.
The FTSE 250 .FTMC also dipped 0.2%, with Tullow Oil
TLW.L single-handedly accounting for all of the index's fall
in early deals after the oil and gas explorer scrapped dividend
and said its CEO was stepping down. The stock touched its lowest
in more than 15 years.
Data showing China's exports in November shrank for the
fourth consecutive month fanned worries over Sino-U.S. trade
war's impact on the world's second-largest economy.
Other news related moves saw Tesco TSCO.L top the bluechip
index with a 4.3% rise after the retailer started a review of
its operations in Thailand and Malaysia.