London stocks falls as UK GDP slumps a record 9.9% in 2020
Data on Friday also showed Britan's GDP grew 1.0% between October and December, avoiding heading back towards recession at the end of the year
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
London's main stock indexes fell on Friday, as data showed the UK economy shrank by a record 9.9% last year due to nationwide shutdowns that were imposed to curb the spread of Covid-19.
Data on Friday also showed Britan's GDP grew 1.0% between October and December, avoiding heading back towards recession at the end of the year.
The blue-chip FTSE 100 index was down 0.2% at 0811 GMT, with mining and financial stocks leading declines. The mid-cap index fell 0.1%.
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In company news, holiday company Jet2 fell 5.4% as it raised 422 million pounds ($582 million) through a new share issue, equivalent to 20% of its share capital prior to the fund raising.
