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Business

British shares slip as energy, mining stocks weigh

Published : 4 years ago, on

(Reuters) – London-listed shares eased on Friday, as a dip in oil and copper prices hit energy and mining stocks, while investors also worried about the pace of an economic recovery following a coronavirus-driven recession.

The FTSE 100 index was down 0.4% by 0801 GMT and was set for its second straight week of declines. BP, Royal Dutch Shell and Anglo American were among the biggest drags on the commodity-heavy index. [O/R] [MET/L]

The domestically focussed mid-cap FTSE 250 index lost 0.1%, as data showed a gauge of confidence among British consumers slipped back in January because of worries sparked by widespread business restrictions due to lockdowns.

Fashion retailer Next lost 0.4%, after it pulled out of the bidding for brands owned by British tycoon Philip Green’s Arcadia Group as it was unable to meet the price expectations of the collapsed fashion chain.

(Reporting by Shivani Kumaresan in Bengaluru; Editing by Rashmi Aich)

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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