Mining, energy stocks push FTSE 100 higher; HSBC slides

  • Reuters
  • Stock Market News
Mining, energy stocks push FTSE 100 higher; HSBC slides
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* FTSE 100 up 0.7%, FTSE 250 adds 1.2%

Feb 23 (Reuters) - London's FTSE 100 advanced on Tuesday, as rising commodity prices lifted mining and energy stocks, while HSBC dropped after the lender abandoned its long-term profitability targets.

The commodity-heavy FTSE 100 .FTSE was up 0.7 by 0813 GMT, boosted by oil producers BP BP.L and Royal Dutch Shell RDSa.L , which tracked gains in crude prices. O/R

Shares of miners Anglo American (JO: AMSJ ) AAL.L , Rio Tinto RIO.L and BHP Group (JO: BHPJ ) BHPB.L were also among the biggest boost to the index.

Travel and leisure stocks .FTNMX5750 jumped 2.4%, gaining for a second straight day as Prime Minister Boris Johnson unveiled a map out of the lockdown for England. mid-cap FTSE 250 .FTMC rose 0.7%, led by industrials and consumer discretionary stocks.

HSBC Holdings PLC HSBA.L fell 1% after unveiling a revised strategy, focused mainly on wealth management in Asia as the COVID-19 crisis pushed the lender's annual profit sharply lower. of Holiday Inn-owner InterContinental Hotels IHG.L rose 3.2%, despite posting an annual loss, triggered by repeated COVID-19 restrictions and lockdowns.

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