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UK's FTSE slips back

Tuesday, August 12 08:46:06

Britain's benchmark equity index slipped on Tuesday as tensions between the West and Russia over Ukraine kept investors on edge, while investment group Hargreaves Lansdown fell on negative broker comments.

The blue-chip FTSE 100 index edged down 0.1 percent, or 8.06 points, to 6,624.76 points in early trading. The FTSE rose 1 percent on Monday after Russia said it would pull troops back from near the Ukrainian border, which investors interpreted as a sign of that tensions could ease. Hargreaves Lansdown was the worst FTSE 100 performer in percentage terms, falling 3.6 percent after investment bank UBS started coverage of the stock with a "sell" rating. The FTSE 100 hit a peak of 6,894.88 points in mid-May, which marked its highest level since December 1999. It has since retreated and is down 1.9 percent since the start of 2014. (Reuters)

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