UPDATE 2-FTSE dips on murky trade view; Tullow tanks on mid-caps

* FTSE 100 down 0.2%, FTSE 250 down 0.7%
* Tullow Oil sinks after cutting output view
* Financials weigh on main index
* Coca-Cola HBC outperforms
* Royal Mail jumps on court ruling

(Adds news items, analyst comment, updates to closing prices)
By Muvija M and Shashwat Awasthi
Nov 13 (Reuters) - London's main bourse retreated on
Wednesday as traders grew weary of mixed trade signals from U.S.
President Donald Trump, while mid-caps slid on the back of weak
economic data and a plunge in Tullow Oil.
The more internationally-exposed FTSE 100 .FTSE fell 0.2%,
trimming some early losses as exporter stocks such as Diageo
DGE.L and AstraZeneca AZN.L benefited from a weaker pound.
The jump in exporter shares also helped the bourse
outperform the broader European benchmark index .STOXX .
The FTSE 250 .FTMC fared worse, dropping 0.7% on its worst
day in more than five weeks, after data showed average weekly
earnings rose at a weaker pace in the three months to September
in the UK.
Leading the fall was Tullow Oil TLW.L which slumped 27%,
its biggest one-day fall in 15 years, after it cut the
production outlook and said the quality of oil recently
discovered in Guyana was heavy in nature. "The group remains saddled with debt... With fresh
production snags also now weighing on free cash flow
expectations, it remains difficult to envisage the shares making
sustainable upside progress in the near term," Cityindex analyst
Ken Odeluga wrote.
Stocks were little affected by increased hopes that the Bank
of England would ease interest rates after data showing British
inflation in October fell to its lowest level in nearly three
years. They also shrugged off upbeat comments on the U.S.
economy from Fed chief Jerome Powell. On the main index, Asia-exposed financials, led by HSBC
HSBA.L , weighed most as the protests in Hong Kong showed no
signs of easing and as Trump gave no specific updates on trade
talks with Beijing. Investors have been glued to Sino-U.S. trade headlines for
any signs of a meaningful headway. Despite a flurry of thaws and
backtracking, markets are cautious until a concrete deal is
struck.
Other news-driven moves saw blue-chip British Land BLND.L
slip 3.3% after the real estate firm reported a drop in profit
and revenue due to challenging market conditions. Bottler Coca Cola HBC CCH.L , however, enjoyed its best day
since Aug. 2017 as it jumped 6% after touting a "strong quarter"
despite adverse weather conditions.
Mid-cap postal firm Royal Mail RMG.L climbed as much as
4.7% to a near six-month high after it won a high court
injunction to block potential strikes by its largest union.