Energy, mining stocks drag down FTSE 100

  • Reuters
  • Stock Market News
Energy, mining stocks drag down FTSE 100
Credit: © Reuters.

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* 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 (JO: AMSJ ) 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. 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. 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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