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BREAKING NEWS

FTSE 100 slips further as growth fears linger

FTSE 100 slips further as growth fears linger
Traders look at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/Files -
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SIMON DAWSON(Reuters)
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(Reuters) – London’s FTSE 100 fell further on Monday, with markets unable to dispel broader growth fears that had dragged the index to its worst week in nearly a year, while mid-cap SIG slumped to a near three-year low after a profit warning.

The main index <.FTSE>, which shed more than 3.6% last week on fears of a global economic slowdown and the risk of a recession, gave up another 0.3% by 0707 GMT. The mid-cap FTSE 250 <.FTMC> edged 0.2% lower.

Building materials supplier SIG <SHI.L> tanked 26% after it forecast significantly lower annual profit in its specialist distribution and roofing merchanting businesses due to weaker construction activity in Germany and the UK.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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