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London stocks falls as UK GDP slumps a record 9.9% in 2020

Published 12/02/2021, 09:19
Updated 12/02/2021, 09:24
© Reuters.
UK100
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FTMC
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JET2
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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 falls 0.2%, FTSE 250 dips 0.1%

Feb 12 (Reuters) - London's main stock indexes fell on
Friday, as data showed the UK economy shrank by a record 9.9%
last year due to nationwide shutdowns that were imposed to curb
the spread of COVID-19.
Data on Friday also showed Britan's GDP grew 1.0% between
October and December, avoiding heading back towards recession at
the end of the year. The blue-chip FTSE 100 index .FTSE was down 0.2% at 0811
GMT, with mining and financial stocks leading declines. The
mid-cap index .FTMC fell 0.1%.
In company news, holiday company Jet2 JET2.L fell 5.4% as
it raised 422 million pounds ($582 million) through a new share
issue, equivalent to 20% of its share capital prior to the fund
raising.

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