Malaysia's Best News App

Miners weigh on FTSE 100; Unilever top boost

Business & Finance

By Reuters Staff2 Min Read(Reuters) - London’s FTSE 100 index fell on Thursday as miners slipped over rising troubles in China’s property sector and investors fretted about rate hike prospects, while Unilever gained on strong quarterly sales growth.The blue-chip FTSE 100 index eased 0.5% by 0709 GMT, with miners Rio Tinto, BHP Group and Anglo American down 1.5% to 2.5%.Despite positive earnings updates, miners were hit by fresh worries about the heavily indebted Chinese property developer China Evergrande Group after it said it abandoned a $2.6 billion sale of a stake in a subsidiary and that it had made no progress on other sales.Global miner Anglo American fell 1.9% despite reporting a 2% rise in third-quarter overall production.The domestically focussed mid-cap index fell 0.4%, with consumer services stocks among the worst performers.In company news, Renishaw PLC ro

reaction1 reaction1

How to Install Newswav
1. Scan the QR code below
1. Tap this button
2. Tap Get / Install in App Store / Google Play
guide 1
3. Go to homescreen & tap on Newswav app
guide 1