FTSE 100 fell due to growing concerns about growth
UK equities fell on Friday amid concerns about slowing economic growth after investigations showed that UK factories were facing supply problems and staff shortages caused by COVID-19 and Brexit.
The IHS Markit / CIPS UK Manufacturing Purchasing Managers’ Index fell from 60.3 in August to 57.1 for the fourth straight month.
The benchmark FTSE 100 fell 47 points (0.7%) to 7,039 after closing 0.3% on Thursday.
Consumer electronics retailer AO World fell 18% on warning of a decline in profits.
Fashion group Boohoo gave up 2% and JD Sports Fashion fell 2.3%.
Pub Group’s JD Wetherspoons fell more than 1% after expanding losses in FY2009.
The Ocado Group’s share price rose about 1%. An online grocery store said it had successfully priced a £ 500m senior note.
Outsourcing giant Capita fell 0.5% after agreeing to sell Secure Solutions and Services. jobs NEC Software Solutions UK Ltd. For £ 62m.
Contact for comments and feedback: [email protected]