Miners Decline Further, Sending FTSE 100 Toward One-Week Lowby
A gauge tracking U.K. commodity producers is heading for its lowest level in more than a month, dragging the nation’s stock market down with it.
The FTSE 350 Mining Index fell 4.2 percent, with Anglo American Plc, BHP Billiton Ltd. and Rio Tinto Group down more than 4 percent. Thomas Cook Group Plc tumbled 17 percent after saying summer bookings are down, announcing it on a day when an EgyptAir Airbus went missing. Mothercare Plc surged 9.1 percent after reporting an increase in underlying pretax profit and saying it expects to see further improvement in the coming year.
The FTSE 100 Index slid 1.3 percent at 8:31 a.m. in London, set for its biggest decline since April 29. The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell.