FTSE 100 Drifts Lower Amid Mixed Earnings

(RTTNews) - U.K. shares are drifting lower on Friday, as investors digested mixed earnings and looked forward to the crucial U.S. jobs report due tonight that could strengthen the case for the Federal Reserve to raise rates by the year-end.

The benchmark FTSE 100 is currently down 11 points or 0.16 percent at 6,975 in midday trading after rising 0.4 percent in the previous session.

Royal Bank of Scotland shares are moving down 2 percent. The lender warned of a "range of uncertainties" after reporting a £469m loss for the July-to-September period.

British Airways parent International Consolidated Airlines Group is rallying 4.5 percent despite cutting its 2016 earnings forecast.