Technology sell-off weighs on Britain’s FTSE


By Helen Reid

LONDON, June 12 (Reuters) – British shares fell on Monday as a technology sell-off spread across Europe, while contractor Mitie jumped after forecasting a recovery in its fortunes.

Britain’s FTSE 100 dropped 0.3 percent by 1000 GMT, with investors dumping tech and other cyclical stocks, which feature heavily on the blue-chip index, and heading into defensive sectors.

Software company Micro Focus and accounting platform provider Sage Group were the biggest blue-chip fallers, taken down by a pan-European tech sector set for its worst day since the post-Brexit sell-off a year ago.

Read more on UK Reuters