FTSE 100 Slides As Miners Decline On Weak China Data
2024-12-06
1358
(fxcue news) - U.K. stocks traded lower on Tuesday, with miners leading losses after data showed China's exports grew at a slower pace in November and imports unexpectedly shrank, in a worrying sign for the world's second-largest economy.
The benchmark FTSE 100 dropped 35 points, or 0.4 percent, to 8,317 after gaining half a percent the previous day.
Miners Anglo American, Antofagasta and Glencore were down 2-3 percent.
Ashtead shares plunged almost 11 percent. The construction equipment rental group said it plans to move its listing from London to New York.
FirstGroup rallied 4 percent. The transport group has agreed to acquire RATP London from RATP Developpement for an enterprise value of 90 million pounds ($114.8 million).
British Gas-owner Centrica fell 2.3 percent after adding an extra £300m to its existing share buyback plan.
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