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FTSE falls as banks weaken on China GDP, Brexit nerves

Published 18/10/2019, 08:26
© Reuters.  FTSE falls as banks weaken on China GDP, Brexit nerves
UK100
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HSBA
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IHG
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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 0.3%, FTSE 250 down 0.1%

* China GDP disappoints, Brexit vote eyed

* IHG slips after quarterly revenue drops

Oct 18 (Reuters) - Financial stocks pushed London's FTSE 100

lower on Friday after China's economic growth fell to a near

30-year low and on uncertainty ahead of a parliamentary vote on

the new Brexit deal.

The main index .FTSE shed 0.3%, with Asia-focussed HSBC

HSBA.L dragging the most, as China's third-quarter GDP growth

slowed more-than-expected amid a bruising trade war with the

United States. The blue-chips were also dragged lower by a 2% dip in

InterContinental Hotels IHG.L after the Holiday Inn-owner

blamed lower business bookings in China and protests in Hong

Kong for a drop in revenue. The FTSE 250 .FTMC fell 0.1%, as domestic stocks eased

after a week of volatile, Brexit-driven trading and as

uncertainty remained whether British lawmakers would approve the

new accord on Saturday.

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