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News: BHP UPDATE 1-FTSE 100 falls on fresh global growth worries; lift-off for easyJet

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    • FTSE 100 down 0.6 pct; FTSE 250 up 0.2 pct
    • UBS results weighs on financials
    • Oil majors, miners among major blue-chip drags
    • Mid-cap IG Group sinks after trading update

    (Adds analyst comment, updates share moves)

    Jan 22 (Reuters) - Britain's FTSE 100 was lower in a broad sell-off across Asian and European markets on Tuesday as renewed worries about global economic slowdown hurt heavyweight energy, mining and banking stocks while easyJet surged following its results.

    The exporter-heavy FTSE 100 .FTSE was down 0.6 percent at 1008 GMT. A stronger sterling after better-than-expected UK employment data also weighed slightly. The FTSE 250 .FTMC was up 0.2 percent.

    The jobs data provided a glimmer of hope for the UK economy even as uncertainty over the nation's divorce from the European Union grows.

    But the session's downbeat tone was set earlier after China warned that falling factory orders pointed to a further drop in activity in coming months and more job-shedding in the country.

    This came after the world's No. 2 economy reported on Monday its lowest annual economic growth since 1990.

    Ahead of the World Economic Forum in Davos, the International Monetary Fund trimmed its global growth forecasts, adding to gloom across global financial markets, and a survey showed increasing pessimism among business chiefs as trade tensions loomed.

    Oil .FTNMX0530 and mining .FTNMX1770 stocks were the worst performers, down 1.3 and 1.1 percent respectively, as the sour mood weighed on crude and metal prices.

    BHP Group's BHPB.L (BHP) weak outlook for iron ore output pushed its shares down 1.8 percent.

    Shell RDSa.L slipped 1.7 percent and was the main drag on the blue chips, after Morgan Stanley downgraded the stock to "underweight" in a note that highlighted worries about the oil major's cash-intensive pledge for share buybacks, dividends and debt reduction.

    Banks .FTNMX8350 fell 1 percent on track for their worst day in over two weeks, as weak results from Switzerland's UBS UBSG.S deepened concerns about the pain across the sector from low interest rates and rising political uncertainty.

    Asset managers St James Place SJP.L and Schroders SDR.L were down 1.5 percent and 0.8 percent respectively.

    EasyJet EZJ.L surged 6.3 percent, on track for its best day since January 2015, as investors cheered news the budget airline maintained its full-year outlook even after counting the cost of the drone disruption at Gatwick airport in December.

    "The drone disruption at Gatwick in December means these results aren't quite what easyJet was hoping for at the start of the year, but it hasn’t blown things too far off course," said Hargreaves Lansdown analyst Nicholas Hyett.

    Mid-caps saw a slew of trading updates which helped drive individual moves.

    Online trading platform IG Group IGG.L was down 7.1 percent at the bottom of the index as regulatory clampdown led to a 17 percent fall in its first-half profit. It earlier hit a one-month low and dragged rival Plus500 PLUSP.L down 1.3 percent.

    Dixons Carphone DC.L , which hit near decade lows earlier this month amid worries about the poor state of the UK high street, jumped 3.4 percent as investors welcomed signs that the retailer's turnaround plan was making progress.

    "In pretty nasty conditions, these latest numbers from Dixons Carphone are as good as could be hoped," said Hargreaves Lansdown analyst Laith Khalaf.

    Pets at Home PETSP.L surged 7.7 percent to its highest since May after reporting a rise in quarterly revenue on higher demand for its pet products and grooming services.

    ((  
    For related prices, Reuters users may click on - *  
    

    UK stock report FTSE index: 0#.FTS6

     techMARK 100 index:  .FTT1X		  FTSE future	  0#FFI:   
     Gilt future		0#FLG:		  Smallcap index:	 .FTSC   
     FTSE 250 index:	  .FTMC		   FTSE 350 index:	 .FTLC   
     Market digest:	   .AD.L		   Top 10 by vol:	  .AV.L   
     Top price gainer   .NG.L		   Top % gainer	  .PG.L   
     Top price loser	.NL.L		   Top % loser	   .PL.L   
     * For related news, click on - * 
    
     UK hot stock	  [HOT and GB]	 Wall Street:			 
     Gilts report:					 Euro bond report	
    

    Pan European stock report: Tokyo stock HK stock Sterling report: Dollar report:

    • For company prices, click on - * Company directory: UKEQ By sector: FTAX
     European Equities speed guide................  EUR/EQUITY   
    

    FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))

 
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