(Reuters) - The main UK stock indexes fell for a third straight session on Thursday, trading near two-week lows, as heavyweight stocks fell and a mixed bag of corporate earnings did little to improve
UK Stock Markets Decline for Third Consecutive Day Amid Mixed Earnings
(Reuters) - The main UK stock indexes fell for a third straight session on Thursday, trading near two-week lows, as heavyweight stocks fell and a mixed bag of corporate earnings did little to improve sentiment.
The blue-chip FTSE 100 dropped 0.6%, dragged by declines in BP, AstraZeneca, Easyjet, Imperial Brands and GSK as they traded without entitlement to their dividend payout.
UK stocks have come under pressure this week as a pick-up in domestic wages and jumping inflation dampened expectations of several interest rate cuts from the Bank of England (BoE) this year despite signs of sluggish economic growth.
Further, global stocks also dipped as investors assessed what U.S. President Donald Trump's tariffs might mean for global trade and inflation.
Traders are awaiting UK consumer spending and business activity data after hot inflation print complicated the outlook for the BoE's monetary policy.
Rio Tinto edged up 0.5% after the miner reported its lowest full-year underlying earnings in five years.
Lloyds Banking Group rose 4.9%, the most on the FTSE 100, it announced a 1.7 billion pound share buyback and maintained its guidance for 2026
Anglo American climbed 2.5% after the miner agreed to merge its Los Bronces copper mine in Chile with state-backed Codelco's Andina mine. It posted a $3.1 billion loss after a writedown of its De Beers diamond business.
The midcap FTSE 250 slipped 0.5%, dragged down by cruise operator Carnival.
Ferrexpo tumbled 30% after Ukraine said it had moved to nationalise the Poltava mining and processing plant, the largest mine belonging to the iron ore pellets' producer, amid investigations into the alleged misappropriation of funds related to illegal mining.
(Reporting by Ragini Mathur and Sanchayaita Roy in Bengaluru; editing by Giles Elgood)
