Britain’s major stock index steadied on Friday at the end of a busy week
of central bank meetings, with financials sagging again while BT was
boosted by a deal with Sky.
The FTSE 100 inched around 0.1 percent lower in line with mid- and small-cap indices. The leading companies index was set for a small gain on the week, having hit its highest level in a month on Wednesday.
Financials weighed heaviest, continuing their slide from the previous session as investors’ building enthusiasm around bank stocks - expected to gain from U.S. tax reform and rising interest rates - dissipated.
HSBC, Standard Chartered and Barclays fell 0.6, 0.9 and 1.4 percent, the top drags to the FTSE 100.
BT rose 1.1 percent after striking a deal with Sky to carry each other’s channels.
Domestic stocks were a touch weaker, as investors awaited the fallout from the second day of the EU summit.
Overall on the FTSE 100, analysts have persistently been revising earnings expectations lower.
The FTSE 100 inched around 0.1 percent lower in line with mid- and small-cap indices. The leading companies index was set for a small gain on the week, having hit its highest level in a month on Wednesday.
Financials weighed heaviest, continuing their slide from the previous session as investors’ building enthusiasm around bank stocks - expected to gain from U.S. tax reform and rising interest rates - dissipated.
HSBC, Standard Chartered and Barclays fell 0.6, 0.9 and 1.4 percent, the top drags to the FTSE 100.
BT rose 1.1 percent after striking a deal with Sky to carry each other’s channels.
Domestic stocks were a touch weaker, as investors awaited the fallout from the second day of the EU summit.
Overall on the FTSE 100, analysts have persistently been revising earnings expectations lower.
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