UK's FTSE 100 falls, BAT down after warning on costs
(For a Reuters live blog on U.S., UK and European stock markets, click
or type LIVE/ in a news window)
FTSE 100 down 0.2%, FTSE 250 adds 0.1%
Dec 8 (Reuters) - UK's FTSE 100 was dragged lower by consumer staples stocks on Thursday after British American Tobacco warned of rising costs, while investors worried about the outlook for the economy.
The blue-chip FTSE 100 .FTSE fell 0.2%, while the FTSE 250 was up 0.1% by 08:14 GMT.
British American Tobacco BATS.L fell 1.9% after the cigarette maker said it expects finance costs to rise. The FTSE 350 Food, Beverage and Tobacco index .FTUB4510 fell 1%.
A Recruitment and Employment Confederation survey showed signs that demand for staff and pay growth eased in November, ahead of the Bank of England's rate hike decision next week.
DS Smith SMDS.L rose 2.1% after the cardboard maker said it expects annual performance to be ahead of its prior outlook on higher box prices and resilient demand from consumer goods companies.
Reporting by Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.