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* FTSE 100, FTSE 250 both down 0.1%
Aug 3 (Reuters) - London's FTSE 100 edged lower on Monday as
upbeat China factory activity data was offset by a slide in
shares of HSBC after the bank posted a 65% plunge in first-half
profit and warned of soaring potential loan losses due to the
COVID-19 crisis.
HSBC, Europe's biggest bank by assets HSBA.L , fell 4.4% to
the bottom of the FTSE 100 as the health crisis hammered the
lender's retail and corporate customers worldwide. The stock was also the biggest drag on the blue-chip FTSE
100 .FTSE , but material, energy and industrial sectors limited
the decline. At 0711 GMT, the index was down 0.1%.
The mid-cap FTSE 250 .FTMC also slipped 0.1%, dragged by
real estate, consumer discretionary and financial stocks.
Engineering firm Senior Plc SNR.L tumbled 11% after
swinging to a first-half loss and shelving its interim dividend.
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HSBC profit plunge hits FTSE 100, offsets upbeat China data
Published 03/08/2020, 08:27
Updated 03/08/2020, 08:30
HSBC profit plunge hits FTSE 100, offsets upbeat China data
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