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FTSE 100 inches up, LSE lags as Hong Kong bourse nixes bid

Published 08/10/2019, 08:27
Updated 08/10/2019, 08:30
© Reuters.  FTSE 100 inches up, LSE lags as Hong Kong bourse nixes bid
UK100
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.1%

* LSE biggest blue-chip loser after HKEX cancels bid

* Recruiting firms slump after weak trading updates

* Sino-U.S. trade talks set for Thursday

Oct 8 (Reuters) - The FTSE 100 gained a bit on Tuesday, with

investors hopeful ahead of U.S.-China trade talks later this

week, which overshadowed a slump in LSE after the Hong Kong

bourse dropped its takeover bid and recruiters fell after weak

trading updates.

The FTSE 100 .FTSE edged 0.1% higher by 0707 GMT, with the

midcaps .FTMC also rising by the same level.

Ahead of the trade negotiations, corporate news dominated

market moves, with LSE LSE.L falling 6% after Hong Kong

Exchanges and Clearing 0388.HK scrapped its unsolicited $39

billion offer as it failed to convince LSE management.

Recruiters Pagegroup PAGE.L and Robert Walters RWA.L

plunged 15% and 10.4%, respectively, after their results

revealed that a host of macroeconomic troubles including the

U.S.-China trade war, Hong Kong protests and Brexit heavily

hindered performance.

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