UK's FTSE slides as pound firms; Restaurant Group jumps

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

* FTSE 100 down 0.4%, FTSE 250 flat

Oct 6 (Reuters) - A firming pound drove UK’s exporter-heavy FTSE 100 lower on Tuesday after a three-day run of gains, while Restaurant Group surged after it forecast upbeat sales numbers.

The blue-chip index dropped 0.4% and lagged its European peers as the sterling rose above $1.30 per dollar level, with investors scaling back bets on UK interest rates turning negative.

Midcap stocks were flat, as gains in consumer and industrial firms offset losses in healthcare companies.

Frankie and Benny’s owner Restaurant Group gained 8.4% after it unveiled improved like-for-like sales numbers for the period since the start of July.

Premier Oil jumped 13.4% after it reached an all-share merger deal with oil exploration and production company Chrysaor. (Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V)


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 and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.