Trade view murky as Kingfisher pulls FTSE lower

FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson

London’s FTSE 100 slipped into the red on Wednesday as shares in retailer Kingfisher slumped 8% after its quarterly sales disappointed, and as lack of clarity on the Sino-U.S. trade front remained.

After three straight days of gains, the main index fell 0.7%, as trade uncertainty weighed on Asia-exposed financial stocks like HSBC. The FTSE 250 gave up 0.5%, with losses in all but one sectors.

Outperforming the mid-cap index was pub operator Mitchells & Butlers, which jumped 8% after reporting higher annual adjusted operating profit.

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