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Energy, mining stocks drag down FTSE 100

Published 02/03/2021, 09:19
Updated 02/03/2021, 09:24
© Reuters.

(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 0.1%, FTSE 250 adds 0.2%

March 2 (Reuters) - London's FTSE 100 inched lower on
Tuesday, dragged by energy and mining stocks as oil and metals
prices slipped over fears of slowing demand in China, while
Taylor Wimpey jumped after resuming dividend payments.
The commodity-heavy FTSE 100 index .FTSE slipped 0.1%,
with oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L
being the biggest drags on the index. O/R
Mining stocks including Rio Tinto RIO.L , Anglo American
AAL.L , and BHP BHPB.L were also among the biggest laggards,
falling between 0.9% and 1.1%. MET/L
The domestically focused mid-cap FTSE 250 index .FTMC rose
0.2%.
Meanwhile, British house price growth picked up unexpectedly
in February, rising to 6.9% in annual terms from 6.4% in
January, mortgage lender Nationwide said. Taylor Wimpey TW.L , Britain's third-largest homebuilder,
rose 3.4% to the top of the blue-chip index, as it said the 2021
selling season has started well ahead of possible additional
incentives for the sector in the budget. Travis Perkins TPK.L , Britain's biggest seller of building
materials, fell 1.8%, after it restarted the process of
demerging its Wickes home improvement business.

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