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British American Tobacco weighs on FTSE 100; PageGroup shines

Published 09/04/2021, 08:25
Updated 09/04/2021, 08:30
© Reuters.
UK100
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BATS
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PAGE
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FTMC
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JD
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 0.1%, FTSE 250 adds 0.1%

April 9 (Reuters) - London's FTSE 100 fell on Friday,
dragged lower by heavyweight British American Tobacco and
banking stocks, although the blue-chip index was set for its
best weekly performance since early-January on optimism about a
recovery in the UK economy.
The index .FTSE edged down 0.1%, with shares of the
tobacco firm BATS.L slipping 1.7% to the bottom of index after
J.P. Morgan downgraded the stock to "neutral" from "overweight".
However, the losses were limited by a rise in consumer
discretionary stocks, with Britain's biggest sportswear retailer
JD Sports Fashion JD.L adding 1.2% after Berenberg raised its
price target on the stock.
For the week so far, the index is up nearly 3%, its biggest
since the week ended Jan. 8.
The domestically focussed mid-cap FTSE 250 index .FTMC
edged 0.1% higher, scaling a record high and on track for a
third straight weekly gain.
Among stocks, global recruitment firm PageGroup PAGE.L
jumped 8.2% after it reported higher first-quarter gross profit,
helped by improvements in hiring in its EMEA and Asia-Pacific
regions.

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