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FTSE falls back from record as AstraZeneca and oil stocks drop

FTSE 100 on track for longest weekly win run since 2005

Monday 14 May 2018 at 06:43

FTSE falls back from record as AstraZeneca and oil stocks drop

UK stocks on Friday pulled back from a record close, as shares of AstraZeneca declined following the heavyweight drug maker’s earnings report, and as shares in oil companies took a break from their recent rally, MarketWatch reports.

What are markets doing?
The FTSE 100 index dropped 0.2% to 7,775.70, on track to break a three-day winning streak. On Thursday, that win streak helped push the London benchmark to an all-time closing high, after a solid run that was boosted by a weaker pound and a rally in oil stocks.