London stocks fall as Brexit, virus concerns weigh
Live MintLondon stocks fell on Thursday as a stalemate over a post-Brexit trade deal with the European Union and surging COVID-19 infections sparked fears of more damage to an already faltering domestic economic recovery. The blue-chip index slipped 0.9%, with home improvement retailer Kingfisher Plc tumbling 3.9% after saying fourth-quarter underlying sales growth has slowed so far. The domestically focused mid-cap FTSE 250 index lost 0.6%, with Cineworld Group Plc slumping 11.2%, after a report said the cinema chain is considering a company voluntary arrangement — an insolvency process used to cut costs. After jumping more than 13% in the last two weeks on optimism over a vaccine, the FTSE 100 index retreated this week on concerns that swiftly accelerating COVID-19 cases might derail a nascent economic recovery.
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