BP

M&S hit by job cuts report as oil drags FTSE lower

Credit: REUTERS/Suzanne Plunkett

The FTSE 100 dipped on Monday, with energy stocks tracking a decline in oil prices on concerns about the global spike in COVID-19 cases, while Marks and Spencer slid after a report it was planning to cut hundreds of jobs.

 (For a live blog on European stocks, type LIVE/ in an Eikon
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    * FTSE 100 down 0.8%, FTSE 250 off 0.4%

    July 20 (Reuters) - The FTSE 100 dipped on Monday, with
energy stocks tracking a decline in oil prices on concerns about
the global spike in COVID-19 cases, while Marks and Spencer slid
after a report it was planning to cut hundreds of jobs.
    The retailer <MKS.L>, one of Britain's best known high
street names, fell 2.1% as Sky News said it planned to announce
the cuts this week. [nL5N2EQ0LC]
    The commodity-heavy blue-chip index <.FTSE> was down 0.8%,
with BP Plc <BP.L> and Royal Dutch Shell Plc <RDSa.L> among the
biggest drags. [O/R]
    The mid-cap FTSE 250 <.FTMC> shed 0.4%, led by financials,
consumer discretionary and real estate stocks.
    Stock markets in Europe also kicked off the week on a glum
note with EU leaders still negotiating the terms of a
coronavirus recovery fund after three days of haggling over the
plan. [.EU]

 (Reporting by Sagarika Jaisinghani in Bengaluru; editing by
Patrick Graham)
 ((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646
223 8780; outside U.S. +91 80 6182 2256;))
 
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For related prices, Reuters users may click on - * 
 UK stock report     [.L]    
 FTSE index:         <0#.FTS6> 
 techMARK 100 index: <.FTT1X>         FTSE futures:     <0#FFI:> 
 Gilt futures:       <0#FLG:>         Smallcap index:    <.FTSC> 
 FTSE 250 index:     <.FTMC>          FTSE 350 index:    <.FTLC> 
 Market digest:      <.AD.L>          Top 10 by vol:     <.AV.L> 
 Top price gainers:  <.NG.L>          Top % gainers:     <.PG.L> 
 Top price losers:   <.NL.L>          Top % losers:      <.PL.L> 
 
 
 * For related news, click on - *
 UK hot stocks:      [HOT] and [GB]     Wall Street:          [.N]
 Gilts report:       [GB/]            Euro bond report [GVD/EUR]
 Pan European stock report: [.EU]
 Tokyo stocks:       [.T]             HK stocks:           [.HK]
 Sterling report:    [GBP/]           Dollar report:      [USD/]
 
 
 * For company prices, click on - *
 Company directory:  <UKEQ>          By sector:          <FTAX> 
 
 
 * For pan-European market data, click on - *
 European Equities speed guide................ <EUR/EQUITY> 
 FTSE Eurotop 300 index........................... <.FTEU3> 
 DJ STOXX index................................... <.STOXX> 
 Top 10 STOXX sectors........................ <.PGL.STOXXS> 
 Top 10 EUROSTOXX sectors................... <.PGL.STOXXES> 
 Top 10 Eurotop 300 sectors.................. <.PGL.FTEU3S> 
 Top 25 European pct gainers.................... <.PG.PEUR> 
 Top 25 European pct losers..................... <.PL.PEUR>))

Keywords: BRITAIN STOCKS/ (URGENT)

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