London FTSE 100 Retreats as Financial Stocks Decline
Londons FTSE 100 retreated from a weekly high as financial and telecom stocks weighed on the index. Banks and Airtel Africa led decliners while retail data showed resilient consumer spending despite higher fuel prices.
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London's FTSE 100 fell 1.4% to 10,659.13 points on Friday afternoon, retreating from a more than one-week high as financial stocks weighed. The blue-chip index still logged a small weekly gain despite the late-session pullback. The midcap FTSE 250 finished 0.6% lower on the day, capping its sharpest weekly rise since early August.
