FTSE 100 falls as stronger pound, oil stocks weigh; Pearson shines

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

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* FTSE 100 down 0.2%, FTSE 250 adds 0.03%

April 26 (Reuters) - London's FTSE 100 edged lower on Monday as export-oriented companies and heavyweight energy stocks dipped, while shares of Pearson jumped on an upbeat first-quarter earnings update.

The blue-chip index .FTSE fell 0.2% as a stronger pound hit shares in large dollar-earning consumer staples companies Diageo DGE.L , British American Tobacco BATS.L and Unilever ULVR.L .

Heavyweight oil majors BP Plc BP.L and Royal Dutch Shell RDSa.L fell because of lower crude prices and were among the biggest drags to the index. O/R

The mining index .FTNMX551020 rose as Chilean miner Antofagasta ANTO.L gained 1.1% after copper prices hit their highest in over 10 years. MET/L

The domestically focussed mid-cap FTSE 250 index .FTMC inched 0.03% higher.

Global education group Pearson PSON.L rose to the top of the FTSE 100 index with a 3.3% rise after posting a 5% increase in underlying revenue growth in the first quarter, helped by strong demand for online learning courses.

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