FTSE 100 Slips As Commodity-related Stocks Dive On China Concerns
(RTTNews) - U.K. stocks slipped into the red on Monday, with commodity-related stocks coming under selling pressure after China reported the first virus-related deaths recorded since May this year.
The benchmark FTSE 100 was down 25 points, or 0.3 percent, at 7,360 after closing half a percent higher on Friday.
Miners Anglo American, Antofagasta and Glencore all dropped around 2 percent while energy stocks such as BP Plc and Shell were down over 1 percent each.
Virgin Money shares jumped more than 10 percent after the lender reported better-than-expected full-year results and announced a £50 million ($59.4 million) share buyback program.
International Distribution Services, formerly Royal Mail, slumped 4.4 percent as more postal strikes loomed in the busy holiday period.
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