for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

REFILE-London stocks retreat as coronavirus, Brexit doubts weigh

(Corrects day in paragraph 1)

* FTSE 100, FTSE 250 both drop 0.5%

Oct 13 (Reuters) - UK stocks fell on Tuesday on concerns about the economic impact of new coronavirus-led business restrictions, with investors also booking profits ahead of a self-imposed UK deadline for a Brexit deal with the European Union.

The export-heavy FTSE 100 slipped 0.5% and the mid-cap FTSE 250 retreated from four-month highs, led by aero, travel and leisure and financial stocks.

Data showed Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, even before the end of the government’s broad coronavirus job protection plan.

In company news, clothing retailer French Connection Group Plc tumbled 12.8% after posting a plunge in sales due to the coronavirus crisis in the first half of the year. (Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up