Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
UK News
UPDATE 2-British shares fall on virus risks; Persimmon tumbles
Published at 13/01/2021 at 17:39

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Persimmon falls on lower revenue, COVID-19 restrictions weigh

* Countries across Europe announce tighter, longer lockdowns

* Fashion retailer ASOS jumps on full-year profit forecast

* FTSE 100 down 0.1%, FTSE 250 falls 0.5%

(Updates to close)

By Shashank Nayar

Jan 13 (Reuters) - London listed shares fell on Wednesday, as rising coronavirus cases and fresh lockdowns imposed across Europe raised caution about the near-term effects on the economy.

The blue-chip FTSE 100 index dropped 0.1%, while the mid-cap FTSE 250 index fell 0.5%.

Governments across Europe announced tighter and longer coronavirus lockdowns and curbs amid fears of a fast-spreading variant first detected in Britain, with vaccinations not expected to help much until the spring.

"Investors are still wondering where the next big catalyst for further upside will come from, and are painfully aware that the COVID-19 crisis remains untamed despite the introduction of vaccination programmes," said Chris Beauchamp, chief market analyst at IG.

The FTSE 100 has recorded consistent monthly gains since November, supported by hopes of a vaccine-led economic recovery, but it has recently lost steam as a wave of coronavirus infections sparked new business restrictions.

Housebuilder Persimmon dropped 6.2% and fell the most on the FTSE 100 index after it reported a 9% fall in 2020 revenue and flagged risks to its construction sites from the fast-spreading new variant of COVID-19.

"The slide probably reflects investors' concerns over the current state of the pandemic and how it could impact near-term demand...," says Russ Mould, AJ Bell Investment Director.

However, deliveries of COVID-19 vaccines to Britain are on track and sufficient to meet the government's vaccination targets, Health Secretary Matt Hancock said, although he declined to give figures on supplies.

Global recruiter PageGroup fell 2.8% after it posted a 20% drop in fourth-quarter gross profit, while fashion retailer ASOS jumped 2% on forecasting a full-year profit after Christmas trading surpassed its expectations.

(Reporting by Shashank Nayar in Bengaluru; Editing by Uttaresh.V and Alex Richardson)

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

(( For related prices, Reuters users may click on - *

UK stock report

FTSE index:

techMARK 100 index: FTSE futures:

Gilt futures: Smallcap index:

FTSE 250 index: FTSE 350 index:

Market digest: Top 10 by vol:

Top price gainers: Top % gainers:

Top price losers: Top % losers:

* For related news, click on - *

UK hot stocks: and Wall Street:

Gilts report: Euro bond report

Pan European stock report:

Tokyo stocks: HK stocks:

Sterling report: Dollar report:

* For company prices, click on - *

Company directory: By sector:

* For pan-European market data, click on - *

European Equities speed guide................

FTSE Eurotop 300 index...........................

DJ STOXX index...................................

Top 10 STOXX sectors........................

Top 10 EUROSTOXX sectors...................

Top 10 Eurotop 300 sectors..................

Top 25 European pct gainers....................

Top 25 European pct losers..................... ))