UK stocks lower on virus fears, mall owner Intu sinks [Reuters (UK)]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Reuters
UK stocks lower on virus fears, mall owner Intu sinks - Reuters 2 Min Read (For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 slips 0.2%, FTSE 250 down 0.3% March 4 (Reuters) - UK stocks inched lower in early trading on Wednesday as investors worried about the extent of the global economic fallout from the coronavirus epidemic after a surprise interest rate cut by the U.S. Federal Reserve. The blue-chip index fell 0.2% after rising for two straight days, while the domestically focussed mid-cap index slipped 0.3%. Wall Street had tumbled overnight as the unexpected move by the Fed alarmed rather than soothed investors already worried about economic growth amid the fast-spreading virus outbreak. Among individual stocks, mall operator Intu slumped 41.2% as it scrapped a planned equity raise and said there was a risk that it might breach some of its debt covenants this year. British life insurer Legal & General tumbled 2.6% to the bottom of the FTSE 100 de
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