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Renewed trade jitters hit FTSE 100; WPP outperforms

Renewed trade jitters hit FTSE 100; WPP outperforms
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo -
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Toby Melville(Reuters)
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(Reuters) – London’s FTSE 100 slipped on Friday after a report that the United States was delaying a decision on letting its companies do business with Huawei, casting a shadow over global markets, though WPP soared after a quarterly update.

Trade worries weighed on Asia-focused HSBC <HSBA.L> and mining stocks as the FTSE 100 <.FTSE> fell 0.2%, but losses were capped by an 8% surge in ad firm WPP <WPP.L> after better-than-expected organic sales performance.

A post-earnings jump in gambling firm William Hill <WMH.L> and drugmaker Hikma <HIK.L> as well as a rise in shares of security contractor G4S <GFS.L> on plans to separate its cash solutions unit led the FTSE 250 <.FTMC> 0.3% higher by 0711 GMT.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Anil D’Silva)

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