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FTSE 100 subdued on Brexit worries, lower oil prices

Published 03/12/2020, 09:10
Updated 03/12/2020, 09:12
© Reuters.
UK100
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BP
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SHEL
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FTMC
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CSPC
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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 flat, FTSE 250 up 0.1%

Dec 3 (Reuters) - London's FTSE 100 was muted on Thursday as
Brexit negotiations remained gridlocked with only weeks left for
Britain's transition period to expire, while energy stocks
slipped on lower oil prices.
The blue-chip FTSE 100 .FTSE was flat by 0803 GMT after
gaining more than 3% in the past two sessions, while the mid-cap
FTSE 250 .FTMC , considered a barometer of Brexit sentiment,
rose just 0.1%.
The European Union's chief Brexit negotiator told member
states' envoys that Brexit talks were reaching "a make-or-break"
moment. Four diplomats told Reuters that the talks remained
snagged on issues including fishing rights. In company news, housebuilder Countryside Properties Plc
CSPC.L slipped 0.2% as it said Chairman David Howell would
step down from the board in 2021, a day after its third-largest
investor called for his ouster as part of efforts to break up
the company. Royal Dutch Shell RDSa.L and BP BP.L headed lower as oil
producers including Saudi Arabia and Russia locked horns over
the need to extend record production cuts set in place in the
first wave of the COVID-19 pandemic. O/R

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