FTSE 100 dips as miners drag; Barclays jumps on strong earnings
September 27, 2021
Finance

FTSE 100 dips as miners slouch; Barclays jumps on strong earnings

London’s FTSE 100 dropped on Wednesday, bogged down by heavyweight miners, although gains in Barclays on the back of strong earnings helped limit losses.

British lender Barclays gained 4.1%, after first-half profit nearly quadrupled as it followed Wall Street rivals in reaping bumper investment banking fees from frenzied dealmaking.

The blue-chip FTSE 100 eased 0.1% with BHP Group, Anglo American, Glencore and Rio Tinto among top drags.

The domestically focussed mid-cap index rose 0.5%, led by travel stocks.

Wizz Air jumped 4% to be the top mid-cap gainer after it said it expected to ramp up capacity to between 90% and 100% of pre-pandemic levels this month and next as summer demand for European travel grows.

Homebuilders were among the top gainers, up 1.4% after British house prices rose 10.5% in July compared with the same month last year, although prices fell by 0.5% from June.

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