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FTSE treads water, braces for worst week since Feb. 2018

Published 04/10/2019, 08:24
Updated 04/10/2019, 08:30
© Reuters.  FTSE treads water, braces for worst week since Feb. 2018
UK100
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BP
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LSEG
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.2%

* LSE among biggest gainers on main bourse

* BP advances after announcing CEO transition plans

Oct 4 (Reuters) - London's FTSE 100 recovered a bit on

Friday, with BP lending the most support after the oil major

named CEO Bob Dudley's successor, but the index is still headed

for its worst week in 20 months as worries of a slowdown and

risk of recession keep markets on edge.

Blue-chips .FTSE were up 0.2% at 0704 GMT after four

straight sessions in the red that wiped off nearly 5% from the

index. The FTSE 250 midcap bourse .FTMC was also up by the

same level.

BP BP.L rose 1.2% after it named upstream business head

Bernard Looney as Dudley's successor when he retires in 2020.

LSE LSE.L topped the FTSE 100 leader-board with a 2% rise

after a Reuters report that some of its investors had asked Hong

Kong Exchanges and Clearing to sweeten the takeover bid.

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