(Reuters) – Britain’s main index edged lower on Friday as exporter stocks took a hit from a rise by the pound to near two-month highs, while energy supplier SSE shone after agreeing a deal to sell its retail segment.
The FTSE 100 <.FTSE> fell 0.1%, with international companies including AstraZeneca <AZN.L> and Unilever <ULVR.L> weighing the most, while the more domestically-focussed FTSE 250 <.FTMC> inched 0.1% higher.
Diageo <DGE.L>, the world’s largest spirits company and another stock sensitive to moves in sterling, lost 2%. Reuters reported on Thursday that unions were demanding a 5% pay rise for workers due to go on strike in Scotland later this month.
Among midcaps, Woodford Patient Capital Trust <WPCT.L>, money manager Neil Woodford’s listed fund, fell 7% after the trust’s administrator cut the valuation of one of its holdings.
(Reporting by Yadarisa Shabong and Muvija M in Bengaluru)