FTSE 100 muted as heavyweight banks reverse course; virus worries persist | Malay Mail

LONDON, July 14 ― London's FTSE 100 ended on a quiet note yesterday amidst weakness in travel and energy stocks as a jump in coronavirus infections raised worries about re-openings, while banks gave up their session gains to end lower.

The blue-chip FTSE 100 index was flat, with financial services company Natwest Group being the top loser, while energy major BP posed the top drag on the index. Travel stocks dropped 1.0 per cent. The mid-cap FTSE 250 index climbed 0.1 per cent with retailer Howden Joinery Group the top gainer on upbeat earnings updates as its share hit record highs.

It has underperformed the wider European index — which is currently trading near record highs — after a recent jump in cases of a coronavirus variant sparked fears of a prolonged economic recovery.

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