FTSE 100 Hovers Near Three-week Low

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(RTTNews.com) - U.K. stocks fell on Monday to hover near three-week lows after surveys released by Deloitte and the British Chambers of Commerce highlighted concerns among British businesses over Brexit.

A weak pound helped to limit overall losses to some extent. The benchmark FTSE 100 was down 23 points or 0.31 percent at 7,296 in late opening deals after losing 1.4 percent on Friday.

Lloyds Banking Group shed 0.7 percent. The bank is to inject its 13 billion pounds wealth management arm into a new joint venture with Schroders, according to Sky News.

Legal & General Group advanced 0.8 percent. The financial services company has completed a 2.4 billion pounds buyout for the Nortel Networks UK Pension Plan, covering around 15,500 pensioner members and around 7,200 deferred members.

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This article appears in: Stocks
Referenced Symbols: LGGNY ,

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