FTSE slips despite booming Kingfisher and rising oil
The FTSE 100 slipped on Tuesday morning, despite rising oil prices boosting energy stocks and soaring trading at B&Q owner Kingsfisher (KGF). The blue-chip index fell 23 points, 0r 0.3%, to 6,775, declining for a second day follow last week’s more than 6% gain. Global indices remain at or close to record highs, although the FTSE 100 continues to trade at a discount to peers,’ said Neil Wilson, chief analyst at Markets.com. Schroder European (SERE) real estate investment trust eased 0.5p or 0.5% to 102.5p after an update showing rent collection in the last quarter had improved slightly to 89%, with a net increase of 1.4% to €268.6m in the portfolio’s valuation in the three months to 31 December.