BP, Hunting lead UK shares lower

Published 29/10/2019, 09:27
Updated 29/10/2019, 09:36
© Reuters.  BP, Hunting lead UK shares lower

(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100, FTSE 250 down 0.1%

* BP weighs on main bourse after Q3 results

* Hunting slides after profit warning

Oct 29 (Reuters) - London's stock markets eased on Tuesday

as the prospect of a Brexit 'flextension' and parliament

rejecting Prime Minister Boris Johnson's demand for an election

before Christmas kept investors guessing and wary of taking more

risk.

The FTSE 100 .FTSE was 0.1% lower by 0807 GMT, pulling

back from a near one-month high in the previous session. The

mid-cap FTSE 250 was also marginally lower.

Oil major BP BP.L weighed the most on the main bourse,

dropping nearly 1% after posting a sharp drop in third-quarter

profit on the back of weaker oil prices and lower production.

Oilfield services provider Hunting HTG.L fell as much as

7% to the bottom of the FTSE 250 in early deals after a warning

on profits as it struggles with a slowdown in the U.S. onshore

drilling market.

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