FTSE 100 Falls as Stronger Pound, Oil Shares Weigh; Pearson Shines
The blue-chip index fell 0.2% as a stronger pound hit shares in massive dollar-earning client staples corporations Diageo, British American Tobacco and Unilever.
Heavyweight oil majors BP Plc and Royal Dutch Shell fell due to decrease crude costs and had been among the many greatest drags to the index. [O/R]
The mining index rose as Chilean miner Antofagasta gained 1.1% after copper costs hit their highest in over 10 years. [MET/L]
The domestically focussed mid-cap FTSE 250 index inched 0.03% greater.
International schooling group Pearson rose to the highest of the FTSE 100 index with a 3.3% rise after posting a 5% enhance in underlying income development within the first quarter, helped by sturdy demand for on-line studying programs.
(Reporting by Devik Jain in Bengaluru; Modifying by Saumyadeb Chakrabarty)