Miners, banks drag FTSE 100 lower; JD Sports jumps

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

(Reuters) – London’s FTSE 100 edged lower on Tuesday, dragged by heavyweight metals and banking stocks, while JD Sports Fashion jumped to the top of the index after reporting strong earnings.

The blue-chip index fell 0.2%, with miners and banking stocks dropping 1% each.

Miners Rio Tinto, Anglo American, and BHP Group were also under pressure after Barclays cut its price targets on the stocks.

The domestically focused mid-cap FTSE 250 index traded 0.1% higher as official figures showed British employers added record a 241,000 staff to their payrolls last month, taking the total number of payrolled employees to pre-pandemic levels.

JD Sports Fashion gained 7.2% after Britain’s largest sportswear retailer reported record earnings for the first half on robust demand for sneakers and sportswear.

Portmeirion added 4% as the homewares retailer plans to resume dividend payouts this year after reporting record revenue.

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