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London stocks track declines in Asia; Ladbrokes owner slides

Published 07/16/2020, 03:23 PM
Updated 07/16/2020, 03:30 PM
© Reuters.
UK100
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HAYS
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FTMC
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FTNMX402020
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FTNMX551030
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FTNMX402040
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ENT
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 both down 0.4%

July 16 (Reuters) - The FTSE 100 slipped from three-week
highs on Thursday as U.S.-China tensions and the surge in global
coronavirus infections weighed on sentiment, while Ladbrokes
owner GVC tumbled after it said its long-time chief executive
officer would step down.
GVC Holdings GVC.L fell 5.8% to the bottom of the FTSE 100
after it said Kenny Alexander was retiring after 13 years at the
helm during which he built the company into one of the world's
biggest gambling businesses. The blue-chip FTSE 100 .FTSE and the mid-cap FTSE 250
.FTMC were both down 0.4%, tracking declines across Europe and
Asia a day after sentiment was lifted by hopes of a COVID-19
vaccine. MKTS/GLOB
Personal goods firms .FTNMX3760 , miners .FTNMX1770 and
homebuilders .FTNMX3720 were among the biggest decliners in
early trading.
Recruiter Hays HAYS.L slipped 2.6% to the bottom of the
FTSE 250 as it warned of lower annual profit amid a slump in fee
income.

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