Mining, energy stocks drag UK shares lower; Cineworld slides

  • Reuters
  • Stock Market News
Mining, energy stocks drag UK shares lower; Cineworld slides

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 down 0.4%, FTSE 250 off 0.2%

March 25 (Reuters) - British shares fell on Thursday, dragged down by mining and energy stocks as rising coronavirus cases across Europe fuelled concerns about a recovery in demand, while Cineworld dropped after reporting an annual loss.

The blue-chip FTSE 100 index .FTSE fell 0.4%, with miners including Rio Tinto RIO.L , Anglo American (JO: AMSJ ) AAL.L and BHP BHPB.L being the biggest drags.

Oil producers BP BP.L and Royal Dutch Shell RDSa.L were also among the laggards. O/R

Bank of England Chief Economist Andy Haldane said he remained confident that Britain's economy was poised for a quick bounce-back as the country races ahead with its coronavirus vaccinations and restrictions are lifted. domestically focused mid-cap FTSE 250 index .FTMC fell 0.2%, weighed down by financials stocks.

Cineworld CINE.L fell 6.6%, after saying it plans to ask shareholders to approve a raise in its debt ceiling next month to allow it to borrow more money to shore up its shattered finances, following a $3 billion loss in 2020. firm Compass Group CPG.L rose 2%, after forecasting better margins in the second quarter than in the first, as it trimmed costs to cope with an expected hit to revenue from most schools and offices remaining shut.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search