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FTSE 100 falls on coronavirus fears, dull earnings

Published 30/01/2020, 09:31
© Reuters.  FTSE 100 falls on coronavirus fears, dull earnings
UK100
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SHEL
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BT
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 down 0.7%, FTSE 250 down 0.3%

* China-linked virus has so far killed 170 people

* WHO to decide if virus constitutes global emergency

* Shell, BT lead losses on main board

Jan 30 (Reuters) - London's main index tumbled on Thursday

as the rising death toll from the coronavirus in China kept

investors on edge, while downbeat earnings led to a slide in the

shares of heavyweights Shell and BT.

Countries have begun isolating hundreds of citizens

evacuated from the Chinese city of Wuhan to stop the spread of

the epidemic, while the World Health Organization may on

Thursday reassess its stance on the outbreak. The FTSE 100 .FTSE gave up 0.7% and the FTSE 250 .FTMC

slid 0.3%, as dealers also eyed a Bank of England policy meeting

amid expectations of an imminent interest rate cut.

Oil major Shell RDSa.L slid 4% to its lowest since July

2017 after its fourth-quarter profit halved. Telecom firm BT

BT.L shed 4.6% after a worse-than-expected drop in quarterly

revenue.

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