FTSE 100 Slips From Two-month High
(RTTNews) - U.K. shares fell from a two-month high reached in the previous session, although expectations of stronger U.S. growth under U.S. President-elect Donald Trump helped limit the downside.
The benchmark FTSE 100 was down 5 points or 0.08 percent at 7,038 in late opening deals after gaining 0.4 percent the previous day.
Barclays lost half a percent while Royal Bank of Scotland advanced 0.8 percent after they were fined by the Swiss competition regulator for interest rate rigging.
Rolls-Royce gained about 1 percent on receiving a contract worth nearly $408 million.
Dairy Crest Group slid half a percent as the dairy products company announced a research partnership with Danisco Animal Nutrition, part of DuPont's Industrial Biosciences business.
Meggitt shares also dropped half a percent after the aerospace and engineering group sold its drone targets business to QinetiQ for 57.5 million pounds in cash.
Carnival fell 1.5 percent on profit taking after rising 3 percent the previous day.
In economic releases, U.K. public sector net borrowing excluding intervention dropped by GBP 0.6 billion from prior year to GBP 12.6 billion in November, the Office for National Statistics said. The expected level was GBP 12.2 billion.
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SMI nahe Nulllinie -- DAX kommt kaum vom Fleck -- Asiens Börsen beenden Mittwoch uneinig
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Zur Wochenmitte weist der heimische Aktienmarkt kaum Ausschläge aus. Das deutsche Börsenbarometer DAX kommt ebenfalls kaum vom Fleck. An den Börsen in Fernost liess sich keine einheitliche Tendenz ausmachen.