Banks, miners drag FTSE 100 lower; Hammerson jumps

  • Reuters
  • Stock Market News
Banks, miners drag FTSE 100 lower; Hammerson jumps

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* FTSE 100 down 0.2%, FTSE 250 off 0.1%

April 12 (Reuters) - London's FTSE 100 fell on Monday, dragged lower by heavyweight banking and mining stocks, while shares of shopping centre operator Hammerson gained on plans to shore up its finances.

The blue-chip index .FTSE slipped 0.2% after recording its best weekly performance since early-January on Friday.

The wider banks' index .FTNMX301010 slid 0.8%, with HSBC Holdings HSBA.L being the biggest loser.

Miners Anglo American (JO: AMSJ ) AAL.L , BHP Group (JO: BHPJ ) BHPB.L , and Glencore GLEN.L tumbled more than 1% each, tracking lower metal prices. MET/L

The domestically focussed mid-cap FTSE 250 index .FTMC edged 0.1% lower, with airline easyJet EZJ.L falling 2.5% after HSBC downgraded the stock to "hold" from "buy".

Hammerson HMSO.L gained 1.4% after the company confirmed that it was in talks for a possible sale of its retail parks portfolio to Canadian private equity player Brookfield Asset Management BAMa.TO . Discovery (JO: DSBPp ) C4XD.L jumped 16.3% after the drug developer signed an exclusive licensing deal worth up to $492.12 million with French drugmaker Sanofi SASY.PA to develop an oral therapy for treatment of inflammatory diseases.

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