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British shares slip as energy, mining stocks weigh

Published 22/01/2021, 09:13
© Reuters.
UK100
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BP
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NXT
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RDSa
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AAL
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FTMC
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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 0.4%, FTSE 250 off 0.1%

Jan 22 (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 .FTSE was down 0.4% by 0801 GMT and was
set for its second straight week of declines. BP BP.L , Royal
Dutch Shell RDSa.L and Anglo American AAL.L were among the
biggest drags on the commodity-heavy index. O/R MET/L
The domestically focussed mid-cap FTSE 250 index .FTMC
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 NXT.L 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.

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