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FTSE Close: Shares end lower as blue-chip index extends losing streak

London stocks closed in the red on Friday, with the FTSE 100 falling for a third straight session as sentiment remains fragile. The UK blue-chip index slid 0.3% to finish at 7,572.58. The domestically-focused midcap …

London stocks closed in the red on Friday, with the FTSE 100 falling for a third straight session as sentiment remains fragile. The UK blue-chip index slid 0.3% to finish at 7,572.58. The domestically-focused midcap FTSE 250 index also lost ground, dipping 0.2% to 19,062.32 and the AIM All-Share lost 0.5%, closing at 747.41.

Among individual movers, Fresnillo was one of the worst FTSE 100 performers, with shares in the gold miner tumbling 3.4% as precious metal prices weakened.

Packaging company DS Smith and housebuilder Redrow outperformed, climbing 2.5% and 0.3% respectively, building on recent gains after becoming the subject of M&A interest.

Barclays agreed to acquire the retail banking operations of Tesco Bank for around £600 million. Tesco will retain other profitable parts of its financial services business such as insurance, ATMs, travel money and gift cards. HSBC shares declined 1.3%, weighing down the blue chips.

On the AIM-listed market, drug developer Evgen Pharma saw its shares plunge 22%. The company said it has not received the expected payments from partner Stalicla. Evgen issued a dispute notice, though noted the missed payments do not change its cash runway forecasts.

FTSE All-Share Gainers

Cab Payments 9.8%, Watches Switz 5.75%, Vipera 5.43%, Invesco Sel. Uk 4.75%, Schroder Income Growth Fund 4.02%, Topps Tiles 3.98%, Ceres Power 3.75%, Middlefield Prf 3.53%, Avon Protection 3.47%, Pharos Energy 3.4%.

FTSE All-Share Fallers

Close Bros -8.59%, S & U -7.86%, James Fisher and Sons -7.22%, Superdry -5.19%, Metro Bank -4.95%, Kin and Carta -4.78%, Regional Reit -4.7%, Pollen Street -4.47%, Severfield -4.26%, Brown Advisory -4.04%.

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