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FTSE 100 dented by miners, Micro Focus; Ocado supports

Published 09/07/2019, 08:21
Updated 09/07/2019, 08:30
© Reuters. FTSE 100 dented by miners, Micro Focus; Ocado supports
UK100
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MCRO
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FTMC
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FTNMX551030
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OCDO
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 down 0.2%
* Miners slip as copper prices ease
* Micro Focus down on lower HY revenue
* Ocado gains after affirming forecast

July 9 (Reuters) - London's FTSE 100 dipped on Tuesday as
mining stocks fell amid easing copper prices and software firm
Micro Focus dropped after its half-year results, but losses were
limited by gains in online grocer Ocado, which reaffirmed its
annual forecast.
The main index .FTSE and the mid-cap FTSE 250 .FTMC
edged 0.2% lower by 0715 GMT, with global markets continuing to
scale back bets of a hefty rate cut by the U.S. central bank.
Miners .FTNMX1770 were among the biggest drags on the
blue-chip index as copper prices continued their recent slide on
worries over waning demand from top consumer China. Ocado OCDO.L added 3.7% after the company backed its
annual forecast, even though its first-half core earnings nearly
halved, partly due to the impact of a fire at its flagship
robotic warehouse in February. Micro Focus MCRO.L gave up 2.9% after posting lower
half-year revenue.

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