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Trade worries hit London stocks

by LLB Editor November 20, 2019

written by LLB Editor 20^th Nov 19 10:21 am

London shares are still firmly in the red, as investors remained worried about continuing US-China trade tensions. On Tuesday, US President Donald Trump threatened even higher tariffs if China didn’t make a deal with the US.

The FTSE 100 has fallen 68.7 points or 1% to 7,254.65. Top of the losers is B&Q and Screwfix owner Kingfisher, which has dropped 5.3% to 197.7p after reporting disappointing third quarter results.

The FTSE 250 is now down 102.5 points or 0.5% to 20,425.75. SSP, which operates food and beverage concessions in travel locations across the UK like Upper Crust and Millie’s Cookies, heads the losers, sliding 3.4% to 633p, despite reporting a 10% rise in pre-tax profits due to growing passenger numbers.