LONDON MARKET CLOSE: Stocks struggle despite manufacturing improvement
The FTSE 100 made a subdued start to the week on Monday, despite some brighter news on manufacturing, weighed by heavy falls in Vodafone after a downgrade by UBS.
The FTSE 100 index closed down 15.88 points, 0.2%, at 9,701.37. The FTSE 250 ended 62.08 points lower, 0.3%, at 22,108.89, and the AIM All-Share declined just 0.36 of a point at 772.02.
UK manufacturing output expanded for the first time in a year in October, survey results from S&P Global showed, despite ongoing weakness in both domestic and overseas markets.
- The manufacturing purchasing managers' index rose to 49.7 points in October from 46.2 in September, remaining slightly below the 50-point neutral mark.
- It marginally outperformed the flash reading of 49.6 points.
No direct quotes available in the text.
Author's summary: London stocks struggle despite improved manufacturing.
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