UK Stocks Down amid RBS, AstraZeneca (Market Trading)


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The FTSE 100 fell 43 points, or 0.6% to 7,409 on Friday, the lowest close since February 3rd, dragged by corporate updates and coronovirus fears. Royal Bank of Scotland slumped near 7%, after scaled back the target date for hitting its long-term profit goals and announced it will change its name to NatWest Group. AstraZeneca was also among the worst performers, after reported lower than expected Q4 earnings results and announced sales will be hurt this quarter by the coronavirus outbreak as China is one of its main markets. Considering the full week, the FTSE 100 lost 0.8%. Meanwhile, other main European stock markets finished mixed: the CAC 40 dropped 24 points, or 0.4% to 6,069; the FTSE MIB declined 25 points, or 0.1% to 24,867 while the IBEX 35 rose 47 points, or 0.5% to 9,957 and the DAX 30 ended flat at 13,744. For the week, the DAX 30 gained 1.7%; the FTSE MIB rose 1.6%; the IBEX 35 added 1.4% and the CAC 40 went up 0.8%.


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