Energy, mining stocks drag FTSE 100 lower on weak commodity prices

  • 8/9/2021
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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, FTSE 250 both down 0.3% Aug 9 (Reuters) - London’s FTSE 100 fell on Monday, dragged down by heavyweight energy and mining stocks as concerns about commodity demand returned due to a rise in coronavirus infections. The blue-chip FTSE 100 slipped 0.3% with BP, Anglo American, Glencore and Royal Dutch Shell being among the top drags. The domestically focussed mid-cap index fell 0.3%. Among stocks, Vecture gained 2.8% after tobacco company Philip Morris raised its bid for the drugmaker to 165 pence ($2.29) per share. Deliveroo jumped 3.5% after its German rival Delivery Hero took a 5.09% stake in the British food delivery company. Global recruiter PageGroup dropped 2% to the bottom of the mid-cap index even after it said it would spend 100 million pounds ($138.81 million) on shareholder returns as trading conditions improved in the first half. (Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu) Our Standards: The Thomson Reuters Trust Principles.

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