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FTSE 100 flat as losses in healthcare offset gains in miners; Deliveroo slumps in debut

Published 03/31/2021, 03:42 PM
Updated 03/31/2021, 03:50 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
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* FTSE 100 flat, FTSE 250 adds 0.1%

March 31 (Reuters) - London's FTSE 100 was unchanged on
Wednesday, as weakness in healthcare and banking stocks
countered gains in mining shares, while food delivery company
Deliveroo slumped 30% on its first day of trading.
The blue-chip FTSE 100 index .FTSE was flat, with
healthcare stocks, including AstraZeneca (NASDAQ:AZN) AZN.L and
GlaxoSmithKline GSK.L , falling between 0.4% and 0.8%.
Oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L
were also among the biggest laggards.
The domestically focused mid-cap FTSE 250 index .FTMC was
up 0.1%, led by financial stocks.
Topps Tiles TPT.L fell 1.4% after reporting lower
half-year sales, but the tile retailer said it expects sales to
rise "sharply" and margins to recover to normal levels as the
current lockdown in the United Kingdom gradually eases by the
middle of April. Shares in Deliveroo ROO.L opened well below the price of
their initial public offering on Wednesday, and fell as much as
30% to 275 pence after making one of the most anticipated London
stock market listings.

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