October 29, 2019 / 8:29 AM / 22 days ago

BP, Hunting lead UK shares lower

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100, FTSE 250 down 0.1%

* BP weighs on main bourse after Q3 results

* Hunting slides after profit warning

Oct 29 (Reuters) - London’s stock markets eased on Tuesday as the prospect of a Brexit ‘flextension’ and parliament rejecting Prime Minister Boris Johnson’s demand for an election before Christmas kept investors guessing and wary of taking more risk.

The FTSE 100 was 0.1% lower by 0807 GMT, pulling back from a near one-month high in the previous session. The mid-cap FTSE 250 was also marginally lower.

Oil major BP weighed the most on the main bourse, dropping nearly 1% after posting a sharp drop in third-quarter profit on the back of weaker oil prices and lower production.

Oilfield services provider Hunting fell as much as 7% to the bottom of the FTSE 250 in early deals after a warning on profits as it struggles with a slowdown in the U.S. onshore drilling market. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru; editing by Patrick Graham)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below