FTSE indexes post weekly losses on mixed earnings, budget angst
Close Brothers, Lloyds slide on motor finance ruling
NatWest climbs on raising FY forecast
Abrdn down for second day after deep Q3 outflows
FTSE 100 down 0.3%, FTSE 250 up 0.1%
Updated at 1604 GMT
By Ankika Biswas
Oct 25 (Reuters) -London's blue-chip stock index slipped on Friday as investors assessed a mixed bag of corporate earnings ahead of a highlyawaited first budget from the country's new government next week.
The FTSE 100 .FTSE was down 0.3%, while the domestically focused mid-cap FTSE 250 .FTMC edged up 0.1%. Both the indexes recorded weeklydeclines.
The FTSE 350 medicalequipment & services index .FTNMX201020 was the worst-hit sector on the day, down 2.5%, weighed down by Smith & Nephew SN.L.
Shares in Close Brothers Group CBRO.L slumped 25% and Lloyds LLOY.L dropped 7.3% after a London court ruled that motor finance brokers must fully inform customers about commissions when taking out car loans.
On the flip side, British bank NatWestNWG.L climbed 0.6% after it raised its income forecast for 2024.
With the budget scheduled for Oct. 30, UK's finance minister Rachel Reeves faces a tough task of raisingthe tax revenues needed to invest more in public services and new infrastructure. Further, a fresh report showed Reeves was also seeking to change fiscal rules.
A survey showed British consumer confidence fell to the lowest level since March amid concerns about possible tax hikes.
Among other movers, Airtel Africa AAF.L dropped 5.7% to its lowest level since early September after the telecommunications services provider reported a double-digit fall in half-yearly operating profit.
Intertek Group ITRK.L lost 1.1% after HSBC initiated coverage on the British product testing firm's stock with a "reduce" rating.
Abrdn ABDN.L shares fell 3.1%, adding to an 11.2% drop in the prior session when it reporteddeeper-than-expected outflows of client funds in the third quarter.
Reporting by Ankika Biswas and Sruthi Shankar in Bengaluru; Editing by Louise Heavens
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