Home Business News London shares now flat as coronavirus fears dominate

London shares now flat as coronavirus fears dominate

by LLB Editor
25th Feb 20 10:52 am

London shares are now flat,as investor fears over the coronavirus outbreak continued to dominate the agenda.

The FTSE 100 is now 5.3 points or 0.07% ahead to 7,162.07. Top of the winners is distribution ans outsourcing firm Bunzl, climbing 4% to £20.80, after reporting a 2.4% rise in full-year pre-tax profits on Monday.

Bunzl was one of the few risers on the FTSE on Monday. Its chief executive said that the firm had high stock levels and wasn’t concerned about supply chain problems, as it had stocked up on products from China prior to Chinese New Year.

The FTSE 250 is currently 52.7 points or 0.3% up to 21,171.54, led by British investment fund Pollen Street Secured Lending, which jumped 7.5% to 888p, following news that it is in takeover talks with Waterfall Asset Management.

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