FTSE 100 falls as stronger pound, oil stocks weigh

  • Reuters
  • Stock Market News
FTSE 100 falls as stronger pound, oil stocks weigh
Credit: © Reuters.

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* FTSE 100 down 0.1%, FTSE 250 flat

April 13 (Reuters) - London's FTSE 100 fell on Tuesday, dragged lower by losses in export-oriented stocks and energy firms, while data showed Britain's economy grew in February as companies got ready for the lifting of a third coronavirus lockdown.

The blue-chip index .FTSE edged down 0.1%, with shares of large dollar-earning consumer staples companies Unilever ULVR.L , Diageo Plc DGE.L , and British American Tobacco BATS.L falling between 0.3% and 0.6% on a slightly stronger pound. GBP=

Miners Rio Tinto RIO.L , CRH Plc CRH.L and Antofagasta Plc ANTO.L rose between 0.8% and 2.1%.

The domestically focussed mid-cap FTSE 250 index .FTMC traded flat, with engineer Babcock International Group BAB.L surging 14.8% to the top of index as it unveiled a restructuring plan after flagging a 1.7 billion pounds ($2.34 billion) charge on profitability review of its contracts. data showed Britain's economy grew by 0.4% in February from January, while the fall in gross domestic product in January was not as severe as previously estimated, down by 2.2% compared with the initial reading of a 2.9% drop.

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