{"id":128248,"date":"2021-06-09T17:49:33","date_gmt":"2021-06-09T17:49:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128248"},"modified":"2021-06-09T17:49:33","modified_gmt":"2021-06-09T17:49:33","slug":"british-shares-end-lower-as-mining-financial-stocks-weigh","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/british-shares-end-lower-as-mining-financial-stocks-weigh\/","title":{"rendered":"British shares end lower as mining, financial stocks weigh"},"content":{"rendered":"

(Reuters) – British shares ended lower on Thursday after broadly underperforming their European peers, dragged down by heavyweight financial and mining stocks in a thin trading session before a key European Central Bank meeting and U.S. inflation numbers.<\/p>

FILE PHOTO: People walk past the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS\/Peter Nicholls\/File photo<\/figcaption>

The blue-chip index fell 0.2%, with home-builder stocks and life insurers leading declines.<\/p>\n

Banks gave up -1.6%, with HSBC Holdings being the top drag, down 1.4%, after Moody\u2019s downgraded its senior insecured debt rating to A3 from A2.<\/p>\n

The domestically focused mid-cap FTSE 250 index declined -0.6% to a nearly two-week low over risks arising from a small jump in COVID-19 cases and the lack of a breakthrough in post-Brexit talks with the European Union.<\/p>\n

World stocks hovered near record highs and U.S. bond yields fell, boosting the appeal of technology stocks as future inflation pressures ease.[MKTS\/GLOB]<\/p>\n

\u201cWith uncertainty ahead of tomorrow\u2019s ECB rate meeting, investors appear to be keeping their powder dry ahead of the announcement and the May CPI numbers from the US,\u201d said Michael Hewson, chief market analyst at CMC Markets.<\/p>\n

After breaking above the 7,000 mark in mid-April, the FTSE 100 index has oscillated in a narrow range on worries that rapid economic growth could lead to higher inflation and faster tightening of ultra-loose monetary policies.<\/p>\n

Among stocks, Smith+Nephew jumped 2.3% and was among the top performers in the FTSE 100 index, after Credit Suisse upgraded the medical products maker\u2019s stock to \u201coutperform\u201d from \u201cneutral\u201d.<\/p>\n

Clinigen Group slumped -26.4% as RBC cut its price target on the stock after the pharmaceutical company forecast annual adjusted EBITDA within the range of 114 million pounds and 117 million pounds, lower than market expectations.<\/p>\n

Upper Crust owner SSP Group dropped -1.9% after it reported a first-half loss of 182 million pounds ($257.62 million).<\/p>\n

Wizz Air ended 3.3% higher. It is likely to fly more this summer than it did pre-pandemic, its chief executive said, as European COVID-19 travel restrictions loosen.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – British shares ended lower on<\/p>\n","protected":false},"author":3,"featured_media":128247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBritish shares end lower as mining, financial stocks weigh - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/british-shares-end-lower-as-mining-financial-stocks-weigh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British shares end lower as mining, financial stocks weigh - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – British shares ended lower on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/british-shares-end-lower-as-mining-financial-stocks-weigh\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-09T17:49:33+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/British-shares-end-lower-as-mining-financial-stocks-weigh.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/british-shares-end-lower-as-mining-financial-stocks-weigh\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/british-shares-end-lower-as-mining-financial-stocks-weigh\/\",\"name\":\"British shares end lower as mining, financial stocks weigh - 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