FTSE 100 up 0.1, FTSE 250 flat
Nov 15 Reuters The main UK stock indexes were subdued on Friday, with losses in AstraZeneca and GSK weighing on the bluechip FTSE 100, while data showed Britain39;s economy contracted unexpectedly in September.
Shares of drugmakers AstraZeneca dropped 2.4 and GSK dipped 3.2, tracking losses in U.S. and European vaccine makers after U.S. Presidentelect Donald Trump said he had selected Robert F. Kennedy Jr., who has previously spread misinformation on vaccines, to lead the Department of Health and Human Services.
The FTSE 100, however, edged up 0.1, helped by a rebound in mining stocks from losses earlier in the week.
The midcap FTSE 250 index was flat.
Britain39;s economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed, an early setback for finance minister Rachel Reeves39; ambitions to kickstart a sustained pickup.
GDP slipped by 0.1 in monthly terms during September, while economists had forecast an expansion of 0.2.
The latest UK GDP figures offered evidence of the chilling effect of a Budget buildup filled with warnings about hard decisions, said Russ Mould, investment director at AJ Bell.
On Thursday, Reeves promised a reboot of regulation governing Britain39;s crown jewel financial industry, which she said had stifled economic growth.
Land Securities climbed 2 after the commercial property firm forecast annual earnings above market expectations.
TT Electronics soared 37…