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London stocks fall as weak earnings weigh; Cineworld slumps
Published at 24/09/2020 at 08:38

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

* FTSE 100 down 0.9%, FTSE 250 drops 1.1%

Sept 24 (Reuters) - UK shares dropped on Thursday as fresh pandemic curbs threatened to derail a rebound in economic activity, while cinema operator Cineworld tumbled after warning it may need to raise funds to weather the crisis.

The FTSE 100 index fell 0.9%, with travel and leisure stocks declining the most due to fresh curbs on movement and social gathering.

The mid-cap index lost 1.1%, with Cineworld tumbling 14.3% - on track to record its biggest single-day fall in nearly five months, as it swung to a first-half loss.

Pub owner Mitchells & Butlers fell 3.82% after it said total sales for the 51 weeks ended Sept. 19 dropped 35% due to store closures and a sharp slump in demand amid widespread restrictions.

(Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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