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Mining, energy stocks drag UK shares lower; Cineworld slides

Published 25/03/2021, 09:24
© Reuters.
UK100
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BP
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RDSa
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RIO
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AAL
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BHPB
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CPG
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FTMC
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CINE
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(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 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. The 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. Catering 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.

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