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(Reuters) - London s FTSE 100 ended lower on Tuesday, dragged down by stocks of heavyweight oil companies and cigarette makers, while Associated British Foods slipped after a downbeat first-half earnings update.
The blue-chip index dropped 2%, the highest single day fall since Feb. 26, with tobacco firms British American Tobacco and Imperial Brands declining 7.6% and 7.3%, respectively, after a report said the United States was considering a rule to cut nicotine in all cigarettes sold in the country to levels at which they are no longer addictive.
Shares of AB Foods fell 5.9% after it posted a 50% drop in first-half profit, hurt by COVID-19 lockdowns that shuttered its Primark fashion stores. ....

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