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London stocks slide on fears of second virus wave

Published 14/07/2020, 08:26
© Reuters.
UK100
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HLMA
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FTMC
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AO
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.7%, FTSE 250 off 0.9%

July 14 (Reuters) - London-listed stocks snapped a two-day
gaining streak on Tuesday as health experts warned of a deadly
second wave of the COVID-19 pandemic in the UK amid a surge in
cases worldwide, while safety equipment maker Halma tumbled on a
glum annual forecast.
Halma's shares HLMA.L slid 5.9% to the bottom of the FTSE
100 as it said it expected both profit and revenue to fall in
its fiscal year 2021 and flagged potential job cuts.
The blue-chip FTSE 100 .FTSE was down 0.7%, with only a
handful of stocks trading higher. Financials, health care and
consumer staples shares were among the biggest drags on the
index.
The mid-cap FTSE 250 .FTMC shed 0.9%, as authorities said
a second wave of COVID-19 in the coming winter could kill up to
120,000 Britons over nine months in a worst-case scenario.
Online electricals retailer AO World AO.L jumped 3.7% to
the top of the mid-cap index after posting a smaller annual loss
on stronger demand as stay-at-home orders to curb the pandemic
boosted online shopping.

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