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FTSE 100 down 0.1%, FTSE 250 adds 0.1%
April 13 (Reuters) - The UK's FTSE 100 slipped in early trading on Thursday, snapping a four-day winning streak as weakness in crude prices dragged oil stocks, while gains in homebuilders capped some losses.
The commodity-heavy FTSE 100 edged 0.1% lower, while the mid-cap FTSE 250 added 0.1% as of 0710 GMT. Concerns over a potential U.S. recession led to a fall in crude prices, pulling the energy sector down 0.7%. Meanwhile, data from the Office for National Statistics (ONS) showed Britain's economy failed to grow as expected in February but a bounce in January was stronger than thought earlier.
Among single stocks, Tesco added 1.6% after
Britain's biggest retailer reported its full-year profit in line
with its guidance.
Imperial Brands fell 1.8% after the tobacco group
said its revenue for the first-half of the year would be
"slightly below" a year earlier figures.
Homebuilders added 2.2% after the Royal
Institution of Chartered Surveyors (RICS) survey showed
Britain's housing market continued to feel the pinch of higher
borrowing costs in March, but expected some improvement over the
year ahead.
(Reporting by Shristi Achar A in Bengaluru; Editing by Sohini
Goswami)
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