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Markets

FTSE 100 weighed down by energy stock

  • The blue-chip FTSE 100 edged 0.1% lower with oil majors BP and Royal Dutch Shell being the top drags
Published August 12, 2021

London's FTSE 100 eased on Thursday as weakness in heavyweight energy stocks outweighed optimism over a slew of strong corporate earnings reports.

The blue-chip FTSE 100 edged 0.1% lower with oil majors BP and Royal Dutch Shell being the top drags.

Insurer Aviva rose 3.5% and was the top gainer on the FTSE 100 after it reported a 17% rise in first-half operating profit and said it would return at least 4 billion pounds ($5.55 billion) to shareholders.

FTSE 100 gains

Britain's economy grew by a faster-than expected 1.0% in June, boosted by the huge services sector, against a Reuters poll of economists that pointed to a monthly growth of 0.8%.

The domestically focussed mid-cap index was flat with Cineworld leading gains on its US listing plans, countering losses in financials.

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