"We're still cautious on the outlook for equities at present"
- Sally Davies, a fund manager at Octopus Investments
U.K. stocks edged lower on Friday as the world's largest economy grew less than expected and uncertainty remained over a debt-swap agreement between the Greece and private bondholders.
The benchmark FTSE 100 index lost 1.07%, or 61.75 points, to 5,733.45. The FTSE All-Share Index shed 0.97%, or 28.88 points, to 2,958.86.
"We're still cautious on the outlook for equities at present," said Sally Davies, a fund manager at Octopus Investments in London, which overseas about 2.5 billion pounds (3.9 billion dollars) in assets.
"We still think that the LTRO, whilst making the potential collapse of the euro zone much less likely, is little more than a temporary sticking plaster covering a deeper wound."
© Dukascopy Bank