FTSE 100 hits two-week low as energy stocks slide and BAT falls on guidance
FTSE 100 fell 0.5% to 10,636.71, its lowest since Sept 15, with Energy down 1.9% as oil retreated; British American Tobacco fell 1.9% after downbeat guidance.
(Updates to markets close) Sept 29 (Reuters) — London's FTSE 100 slipped to a two-week low on Tuesday, dragged down by heavyweight energy stocks as oil prices retreated, while British American Tobacco fell after issuing downbeat guidance. 2%.
5%, after hitting a two-month high earlier in the session, after it said it would invest $2 billion in Summit Therapeutics On the data front, Bank of England data showed unsecured lending to British households grew at its fastest annual pace since 1993 in August, highlighting resilient consumer demand ahead of the October budget British shop price inflation slowed slightly in September despite cost pressures on retailers from the Iran war, according to a survey from the British Retail Consortium Investors are also awaiting second-quarter GDP data due later this week for clues on the health of the UK economy Separately, Prime Minister Andy Burnham pledged to revive Britain by tackling its deepest problems such as social care, housing and utilities.
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