{"id":119030,"date":"2021-07-30T08:29:22","date_gmt":"2021-07-30T08:29:22","guid":{"rendered":"https:\/\/fin2me.com\/?p=119030"},"modified":"2021-07-30T08:29:22","modified_gmt":"2021-07-30T08:29:22","slug":"ftse-100-drops-as-miners-drag-british-airways-owner-slides","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/ftse-100-drops-as-miners-drag-british-airways-owner-slides\/","title":{"rendered":"FTSE 100 drops as miners drag; British Airways owner slides"},"content":{"rendered":"
FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS\/Neil Hall\/File Photo<\/figcaption>

(Reuters) – London\u2019s FTSE 100 fell on Friday to be on track for a monthly loss after five straight months of gains, as weakness in mining stocks weighed, while British Airways-owner IAG dropped after saying it was cautious on recovery prospects.<\/p>\n

IAG slid 3.6% after it declined to give a profit forecast for the year due to COVID-19, but said its summer capacity would rise to 45% from 22% in the previous quarter.<\/p>\n

The blue-chip FTSE 100 lost 1.0%, with travel stocks leading the losses, while miners Rio Tinto, Anglo American, and Glencore were the top drags.<\/p>\n

Glencore fell 2.7% after it reported lower production data for nickel, lead and coal in the first-half, but raised expectations for its trading division.<\/p>\n

The mid-cap index fell 0.7%<\/p>\n

Among earnings, global education group Pearson slipped 1.3% even after it reported a better-than-expected rebound in first-half profit and a 17% jump in underlying sales, helping it raise its dividend.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. 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