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London stocks fall on wider lockdowns; Britain exits EU's orbit

Published 31/12/2020, 09:23
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 1.6%, FTSE 250 off 0.6%

Dec 31 (Reuters) - London stocks fell in thin trade on
Thursday as the United Kingdom widened restrictions to stem a
new variant of the coronavirus that is raging across the
country, and as it exits the European Union's orbit for an
uncertain Brexit future.
The blue-chip FTSE 100 .FTSE lost 1.6%, on course to end
the year down more than 14% and underperforming its European
peers by a wide margin on concerns about Brexit and a surge in
virus cases.
The mid-cap FTSE 250 index .FTMC , considered a barometer
of Brexit sentiment, was down 0.6%, falling for a second
consecutive session.
The United Kingdom exits the European Union at the stroke of
midnight in Brussels, or 2300 London time (GMT), when Britain
leaves de-facto membership that continued after it formally left
the bloc on Jan. 31. Real estate agent Countrywide CWD.L jumped 14% after
accepting realty management firm Connells Ltd's sweetened buyout
offer, which gives it an enterprise value of about 223.1 million
pounds ($304.06 million).

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