India, March 6 -- U.K. stocks are down firmly in negative territory Thursday morning with investors taking some profits, while reacting to corporate earnings updates and awaiting the European Central Bank's interest rate decision later in the day.
Worries about tariffs have eased slightly for now following the Trump administration deciding to delay car tariffs for Canada and Mexico by a month. Still, uncertainty about Trump's trade and economic policies appear to be weighing a bit on sentiment.
The benchmark FTSE 100, which dropped to 8,645.21, was down 95.10 points or 1.09% at 8,660.74 a little while ago.
Melrose Industries is tanking more than 11% despite the company's earnings for 2024 coming in line with expectations. The company has...