Trading
Mining, energy stocks push FTSE 100 higher; HSBC slides
Published by linker 5
Posted on February 23, 2021
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by linker 5
Posted on February 23, 2021
1 min readLast updated: January 21, 2026
(Reuters) – London’s FTSE 100 advanced on Tuesday, as rising commodity prices lifted mining and energy stocks, while HSBC dropped after the lender abandoned its long-term profitability targets.
The commodity-heavy FTSE 100 was up 0.7 by 0813 GMT, boosted by oil producers BP and Royal Dutch Shell, which tracked gains in crude prices. [O/R]
Shares of miners Anglo American, Rio Tinto and BHP Group were also among the biggest boost to the index.
Travel and leisure stocks jumped 2.4%, gaining for a second straight day as Prime Minister Boris Johnson unveiled a map out of the lockdown for England.
The mid-cap FTSE 250 rose 0.7%, led by industrials and consumer discretionary stocks.
HSBC Holdings PLC fell 1% after unveiling a revised strategy, focused mainly on wealth management in Asia as the COVID-19 crisis pushed the lender’s annual profit sharply lower.
Shares of Holiday Inn-owner InterContinental Hotels rose 3.2%, despite posting an annual loss, triggered by repeated COVID-19 restrictions and lockdowns.
(Reporting by Shivani Kumaresan in Bengaluru, Editing by Sherry Jacob-Phillips)
Explore more articles in the Trading category
