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(Reuters) – The blue-chip FTSE 100 was flat on Friday, weighed down by losses in Sainsbury’s after its biggest shareholder cut stake in the supermarket chain, while BP slipped as it warned on third-quarter profit.
Sainsbury’s dropped 4.2%, the top decliner on the FTSE 100, after the Qatar Investment Authority looked to sell 306 million pounds ($399 million) worth of shares.
British oil major BP slipped 0.4% after it said weak refining margins would dent its third-quarter profit by up to $600 million.
The FTSE 100 was little changed at 0752 GMT, on track for a second consecutive week of declines.
Stocks took little comfort from data that showed Britain’s economy grew in August after two consecutive…
