FTSE 100 Slides As Miners Decline On Weak China Data
(RTTNews) - 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.
Sensex, Nifty Extend Gains In Cautious Trade
Australian Market Extends Early Gains In Mid-market
Asian Markets Trade Mostly Higher
Sensex, Nifty Seen Opening On Flat Note After Recent Gains
Renewed Selling Pressure Tipped For Thai Stock Market
Japanese Market Notably Lower
Australian Market Notably Higher
