FTSE 100 edges up, but UK mid-caps slide after credit worries
The FTSE 100 edged higher late Thursday morning, but the main story was away from the headline number. Trading Economics showed its FTSE 100 GB100 CFD at 10,528.33, up 0.48%. But Sharecast’s 0834 BST snapshot had the FTSE 100 off 0.07% at 10,470.93 and the FTSE 250 0.58% lower at 23,194.67. Early moves showed small caps got hit harder on guidance. Sharecast’s table said the 10 worst FTSE 250 names dropped an average 4.10%. That compares to a 1.46% average drop for the 10 worst FTSE 100 stocks. The biggest FTSE 100 gainers rose an average 1.76%. Food retail, luxury and exchange infrastructure names led on the upside.