Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
UK News
FTSE 100 drops as Reckitt Benckiser, mining stocks drag
Published at 27/07/2021 at 08:25

(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 1%, FTSE 250 off 0.6%

July 27 (Reuters) - London's FTSE 100 fell on Tuesday, led by insurance and mining stocks, while Lysol maker Reckitt Benckiser was the top drag on missing analysts' quarterly sales estimates.

Reckitt dropped 7.6% to its lowest since March 2020 after it missed analysts' estimates for second-quarter sales, as demand eased.

The FTSE 100 dropped 1% with life insurers

and base metal miners being among the top losers, both down nearly 1.5%.

Miner Rio Tinto was the second-biggest loser on the blue-chip index, down 2.3%, after it said late on Monday that it planned to cut production at its aluminium smelter in Canada due to union strikes.

The mid-cap FTSE 250 index eased 0.6%.

Virgin Money UK jumped 1% after its total lending edged higher by 0.4% and the bank lifted its margin forecast.

Daily Mirror publisher Reach Plc gained 8.1% after it said it was trading ahead of expectations and it saw that strong momentum continuing.

(Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

(( For related prices, Reuters users may click on - *

UK stock report

FTSE index:

techMARK 100 index: FTSE futures:

Gilt futures: Smallcap index:

FTSE 250 index: FTSE 350 index:

Market digest: Top 10 by vol:

Top price gainers: Top % gainers:

Top price losers: Top % losers:

* For related news, click on - *

UK hot stocks: and Wall Street:

Gilts report: Euro bond report

Pan European stock report:

Tokyo stocks: HK stocks:

Sterling report: Dollar report:

* For company prices, click on - *

Company directory: By sector:

* For pan-European market data, click on - *

European Equities speed guide................

FTSE Eurotop 300 index...........................

DJ STOXX index...................................

Top 10 STOXX sectors........................

Top 10 EUROSTOXX sectors...................

Top 10 Eurotop 300 sectors..................

Top 25 European pct gainers....................

Top 25 European pct losers..................... ))