Miners Weaken as FTSE 100 Underperforms Peers
Antofagasta fell 6.8% after mixed half-year results and a lower copper output outlook, while Rio Tinto and Fresnillo also dropped on ex-dividend trading.
- Data from the Office for National Statistics showed UK gross domestic product advanced 0.4% in the second quarter, with the pound trading near 1.3507 dollars.
- Deutsche Bank chief economist Sanjay Raja said the second-quarter release pushes annualized growth to 2%, with forecasters likely to upgrade full-year forecasts to 1.1%.
- Savills shares jumped 11% as the real estate firm reported half-year pre-tax profit grew 47%, while gaming operator Rank rose 6.0% after five consecutive years of growth.
- Antofagasta led mining stocks lower, falling 6.8% after cutting its 2026 copper output outlook to 625,000 to 655,000 tonnes due to severe weather in Chile.
- Producer price index inflation slowed in July, adding to hopes interest rates will not be raised as the Federal Reserve's preferred PCE inflation gauge steadies at 3.3% on-year.
10 Articles
10 Articles
Evening Standard
Miners weaken as FTSE 100 underperforms peers
The FTSE 100 Index closed down 60.48 points at 10,772.67.
FTSE 100 dragged lower by miners and ex-dividends
The FTSE 100 slipped again on Thursday as miners and companies trading ex-dividend weighed on the index despite a storming session in the US. London’s leading index was down by 0.3% at the time of writing. “The FTSE 100 was dragged lower as several heavyweights traded without the rights to their latest dividends on Thursday,” […] The post FTSE 100 dragged lower by miners and ex-dividends appeared first on UK Investor Magazine.
Why Is the UK Stock Market Down Today? FTSE 100 Slips 0.3%, FTSE 350 Under Pressure as Mining Stocks Slide Amid Geopolitical Uncertainty
The FTSE 100 fell around 0.3% today as a sharp sell-off in mining stocks outweighed stronger UK GDP data and kept the London market under pressure. The post Why Is the UK Stock Market Down Today? FTSE 100 Slips 0.3%, FTSE 350 Under Pressure as Mining Stocks Slide Amid Geopolitical Uncertainty appeared first on The Sunday Guardian.
British Pound Holds Near 1.3500 As Traders Await UK GDP Release
BitcoinWorld British Pound Holds Near 1.3500 as Traders Await UK GDP Release The British pound traded with modest gains against the US dollar on Wednesday, hovering near the 1.3500 level, as investors positioned for the upcoming UK GDP data that could influence the Bank of England’s policy path. Market Context: Sterling’s Recent Range As of the latest London session, GBP/USD was trading around 1.3490–1.3510, reflecting a slight uptick from the …
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