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    UKX   GB0001383545

FTSE 100

(UKX)
Delayed Quote. Delayed Great Britain - 09/22 11:35:30 am
7083.37 PTS   +1.47%
After hours
0.15%
7093.71 PTS
12:48pEuropean Bourses Close in Green Ahead of US Fed Reserve Meeting
MT
12:33pFTSE 100 Index Ends 1.47% Higher at 7083.37 -- Data Talk
DJ
11:54aFTSE : 100 gains as banks, commodity-linked stocks jump; Entain at record high
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FTSE 100 falls as miners weigh, British Airways owner slides

07/30/2021 | 12:08pm EDT
FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London

(Reuters) - London's FTSE 100 ended lower on Friday, weighed down by miners over concerns that rising coronavirus infections globally could derail economic growth, while British Airways-owner IAG dropped after saying it was cautious on recovery prospects.

IAG slid 7.5%, and was the second biggest drag on the index, after it declined to give a profit forecast for the year due to the COVID-19 pandemic, but said its summer capacity would rise to 45% from 22% in the previous quarter.

The blue-chip FTSE 100 lost 0.7%, with miners and travel stocks leading the decline.

"I think what really drives the sentiment down is risk aversion, which (is) firmly in place due to several key earnings reports. Also bearish sentiment stemming from the China sell off kind of spilled into the European session," said Edward Moya, senior analyst at OANDA.

The FTSE 100 ended the month slightly down 0.07%, snapping a winning streak of five consecutive months, as losses in banks, oil stocks, and personal goods shares offset gains in insurance, real estate and homebuilder stocks.

Concerns that rising inflation could lead the Bank of England to pull back monetary support, a jump in local coronavirus infections and uncertainty over future earnings growth have somewhat outweighed optimism around recent robust quarterly earnings and bumper dividend payouts.

"England is still going to win the battle against COVID, it's just the economic recovery is slightly delayed, and all the earnings growth might just get pushed off into another quarter." Moya said.

The mid-cap index fell 0.4%, slipping from record highs hit earlier in the week, but ended the month 2.56% up.

In other stocks, global education group Pearson gained 3.0% after it reported a better-than-expected rebound in first-half profit and a 17% jump in underlying sales, helping it raise its dividend.

Babcock slumped 16.0% after the British engineering company warned that free cash flow would be significantly negative this financial year as its annual loss soared on a 2 billion pounds ($2.8 billion) writedown.

NatWest eased 1.2% even after it accelerated returning cash to shareholders following a return to profit. (Graphic: FTSE 100 snaps a five month win streak,

)

(Reporting by Shashank Nayar and Amal S in Bengaluru; editing by Subhranshu Sahu and Emelia Sithole-Matarise)

By Shashank Nayar and Amal S


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BABCOCK INTERNATIONAL GROUP PLC 0.81% 372.1 Delayed Quote.31.87%
FTSE 100 1.47% 7083.37 Delayed Quote.8.06%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 1.87% 174.5 Delayed Quote.7.20%
PEARSON PLC 1.89% 723.4 Delayed Quote.4.35%
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Technical analysis trends FTSE 100
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Top / Flop FTSE 100
ANTOFAGASTA PLC 1420.5 Delayed Quote.6.88%
ENTAIN PLC 2377 Delayed Quote.5.13%
STANDARD CHARTERED PLC 429.4 Delayed Quote.4.73%
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NATIONAL GRID PLC 944.8 Delayed Quote.-1.35%
SEVERN TRENT PLC 2775 Delayed Quote.-1.49%
KINGFISHER PLC 343.5 Delayed Quote.-1.83%
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