London stocks drop as pandemic's corporate damage grows; NSF crashes

  • Reuters
  • Stock Market News
London stocks drop as pandemic's corporate damage grows; NSF crashes
Credit: © Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 down 1.3%, FTSE 250 off 1.4%

June 25 (Reuters) - London-listed shares dropped for a second straight day on Thursday as the latest round of corporate earnings reports underlined the hit from the COVID-19 pandemic, with lender Non-Standard Finance crashing after warning of going concern risks.

The company NSF.L tumbled 33.9% to a record low after saying the coronavirus crisis had halted lending, compounding the lender's woes after its failed attempt to gain scale by buying rival Provident Financial Plc PFG.L .

The blue-chip FTSE 100 .FTSE fell 1.3% and the mid-cap FTSE 250 .FTMC 1.4%, tracking a slide in global equity markets on fears of more disruptions to business activity as cases of the novel coronavirus continued to surge.

Battered auto .FTNMX3350 , travel and leisure .FTNMX5750 and banking stocks .FTNMX8350 fell between 1.4% and 1.9%, with no stocks on the FTSE 100 trading higher.

Low-budget air carrier eazyJet EZJ.L fell 5.8% a day after reporting a bigger loss for the first half of the year due to the COVID-19 pandemic. It said on Thursday it had raised $520 million through a share placing to shore up liquidity.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles