Banks, miners drag FTSE 100 lower; Hammerson jumps

  • 4/12/2021
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 0.2%, FTSE 250 off 0.1% April 12 (Reuters) - London’s FTSE 100 fell on Monday, dragged lower by heavyweight banking and mining stocks, while shares of shopping centre operator Hammerson gained on plans to shore up its finances. The blue-chip index slipped 0.2% after recording its best weekly performance since early-January on Friday. The wider banks’ index slid 0.8%, with HSBC Holdings being the biggest loser. Miners Anglo American, BHP Group, and Glencore tumbled more than 1% each, tracking lower metal prices. The domestically focussed mid-cap FTSE 250 index edged 0.1% lower, with airline easyJet falling 2.5% after HSBC downgraded the stock to “hold” from “buy”. Hammerson gained 1.4% after the company confirmed that it was in talks for a possible sale of its retail parks portfolio to Canadian private equity player Brookfield Asset Management. C4X Discovery jumped 16.3% after the drug developer signed an exclusive licensing deal worth up to $492.12 million with French drugmaker Sanofi to develop an oral therapy for treatment of inflammatory diseases. (Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

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