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FTSE ends winning streak as concerns over virus persist; LONDON REPORT

Feb 14, 2020 - City A.M.

LONDON's blue-chip index fell yesterday after two successive days of gains, dragged down by exporters which were hurt by a stronger pound as investors positioned for a higher-spending Budget next month under a new chancellor.

The FTSE 100 ended the session 1.1 per cent lower, derailed by steep falls in heavyweights Barclays and Centrica, while a rise in new coronavirus cases in China jolted broader risk sentiment.

British utility Centrica skidded 15.3 per cent after its 2019 profit s...