London stocks drop ahead of BoE meet after Fed disappoints

Reuters

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    * FTSE 100 down 1.0%, FTSE 250 down 0.7%

    Sept 17 (Reuters) - London-listed shares tracked declines in
Asian stock markets on Thursday as the lack of new stimulus
measures by the U.S. Federal Reserve left investors disappointed
ahead of a Bank of England policy meeting.
    The blue-chip FTSE 100  .FTSE  and the mid-cap FTSE 250
 .FTMC  were down 1.0% and 0.7%, respectively, with miners
 .FTNMX1770  and automakers  .FTNMX3350  leading the declines.
    Tech-focussed investment firms were among the biggest drags
on the FTSE 250 following another sell-off in U.S. technology
stocks on Wednesday.  .N 
    All eyes later in the day will be on a Bank of England
meeting, where the central bank is expected to signal yet more
stimulus as the economy heads for a jump in unemployment and a
possible Brexit shock.  urn:newsml:reuters.com:*:nL8N2GD4Q9
    In company news, gambling software maker Playtech  PTEC.L 
crashed 6.7% after it posted a lower first-half profit on
Thursday, hit by store closures and sports events cancellations
due to coronavirus-led curbs.  urn:newsml:reuters.com:*:nL4N2GE1MR
    British clothing retailer Next  NXT.L  added 3.4% after it
raised its profit outlook for the second time in two months as
it reported strong recent trading.  urn:newsml:reuters.com:*:nFWN2GD0Q4

 (Reporting by Shashank Nayar in Bengaluru; editing by
Uttaresh.V)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))
 
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