FTSE 100 drops as lockdowns weigh on mining shares; Fresnillo dips

  • Reuters
  • Stock Market News
FTSE 100 drops as lockdowns weigh on mining shares; Fresnillo dips
Credit: © Reuters.

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

Jan 27 (Reuters) - Britain's FTSE 100 fell on Wednesday, led by declines in mining shares as a surge in virus cases and movement curbs raised demand worries, while precious metals miner Fresnillo dropped after predicting lower gold output.

The blue-chip FTSE 100 index .FTSE dropped 0.6% with miners .FTNMX1770 and travel stocks .FTNMX5750 falling the most, while the mid-cap index .FTMC gained 0.1%.

British retailers .FTNMX5370 dropped nearly 0.3% after reporting the biggest annual fall in prices since May this month, adding to signs of pressure on the sector. mood further dampened as Britain's death toll from the coronavirus pandemic passed 100,000 people as the government battled to speed up vaccination delivery and keep variants of the virus at bay. company news, oil exploration company Tullow TLW.L dropped 2.7% even after saying it expects its operating cash flow to reach $500 million in 2021 if the oil price stays above $50 a barrel. metal miner Fresnillo Plc FRES.L fell 3.1% after forecasting lower gold output for the current year than COVID-hit 2020, mainly after a land slip at one of its mines in Mexico restricted operations.

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