UK's FTSE slides as pound firms; Restaurant Group jumps

Published 06/10/2020, 08:45
Updated 06/10/2020, 08:48
© Reuters.
UK100
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HBR
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RTN
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FTMC
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* FTSE 100 down 0.4%, FTSE 250 flat

Oct 6 (Reuters) - A firming pound drove UK's exporter-heavy
FTSE 100 lower on Tuesday after a three-day run of gains, while
Restaurant Group surged after it forecast upbeat sales numbers.
The blue-chip index .FTSE dropped 0.4% and lagged its
European peers as the sterling rose above $1.30 per dollar
level, with investors scaling back bets on UK interest rates
turning negative. GBP/
Midcap stocks .FTMC were flat, as gains in consumer and
industrial firms offset losses in healthcare companies.
Frankie and Benny's owner Restaurant Group RTN.L gained
8.4% after it unveiled improved like-for-like sales numbers for
the period since the start of July. Premier Oil PMO.L jumped 13.4% after it reached an
all-share merger deal with oil exploration and production
company Chrysaor.

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