London stocks falls as UK GDP slumps a record 9.9% in 2020 | The Business Standard
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MONDAY, MAY 29, 2023
London stocks falls as UK GDP slumps a record 9.9% in 2020

Global Economy

Reuters
12 February, 2021, 02:45 pm
Last modified: 12 February, 2021, 02:47 pm

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London stocks falls as UK GDP slumps a record 9.9% in 2020

Data on Friday also showed Britan's GDP grew 1.0% between October and December, avoiding heading back towards recession at the end of the year

Reuters
12 February, 2021, 02:45 pm
Last modified: 12 February, 2021, 02:47 pm
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

London's main stock indexes fell on Friday, as data showed the UK economy shrank by a record 9.9% last year due to nationwide shutdowns that were imposed to curb the spread of Covid-19.

Data on Friday also showed Britan's GDP grew 1.0% between October and December, avoiding heading back towards recession at the end of the year.

The blue-chip FTSE 100 index was down 0.2% at 0811 GMT, with mining and financial stocks leading declines. The mid-cap index fell 0.1%.

In company news, holiday company Jet2 fell 5.4% as it raised 422 million pounds ($582 million) through a new share issue, equivalent to 20% of its share capital prior to the fund raising.

World+Biz

London Stock Exchange

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