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FTSE 100 lower as oil majors weaken, Hargreaves tumbles

Published 04/06/2019, 08:29
Updated 04/06/2019, 08:30
FTSE 100 lower as oil majors weaken, Hargreaves tumbles
UK100
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SHEL
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HRGV
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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 down 0.5%, FTSE 250 down 0.4 pct
* Global growth worries linger
* Hargreaves down after Neil Woodford suspends fund

June 4 (Reuters) - London's FTSE 100 fell half a percent to
the lowest in almost three months as worries about trade and
economic growth continued to dominate stock markets, while money
manager Hargreaves Lansdown was hurt by the suspension of one of
Neil Woodford's investment funds.
The FTSE 100 .FTSE fell 0.5% and the FTSE 250 .FTMC gave
up 0.4% by 0719 GMT, tracking falls for Asian and U.S. stock
markets overnight.
Oil majors bore the brunt of the fall, with Shell RDSa.L
down 1.5% even as it forecast an increase to its dividend
payouts and raised its free cash flow outlook. O/R
Fund supermarket Hargreaves Lansdown HRGV.L slipped
6.2%after high-profile fund manager Neil Woodford suspended
trading in one of his funds following an increase in demand from
clients seeking to reclaim their money. Woodford Equity Income is held in six of Hargreaves'
Multi-Manager funds, while Woodford Income Focus is in one of
the HL Multi-Manager funds.
Shares of the company were on course for their worst day in
more than two years.

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