Miners, banks drag FTSE 100 lower; JD Sports jumps

  • 9/14/2021
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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 adds 0.1% Sept 14 (Reuters) - London’s FTSE 100 edged lower on Tuesday, dragged by heavyweight metals and banking stocks, while JD Sports Fashion jumped to the top of the index after reporting strong earnings.The blue-chip index fell 0.2%, with miners and banking stocks dropping 1% each. Miners Rio Tinto, Anglo American, and BHP Group were also under pressure after Barclays cut its price targets on the stocks. The domestically focused mid-cap FTSE 250 index traded 0.1% higher as official figures showed British employers added record a 241,000 staff to their payrolls last month, taking the total number of payrolled employees to pre-pandemic levels. JD Sports Fashion gained 7.2% after Britain’s largest sportswear retailer reported record earnings for the first half on robust demand for sneakers and sportswear. Portmeirion added 4% as the homewares retailer plans to resume dividend payouts this year after reporting record revenue. (Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

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