News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

FTSE 100 sags as Rio Tinto and StanChart move lower

But overall decline limited by gains for industrial, utility and consumer-related shares

FTSE 100 sags as Rio Tinto and StanChart move lower

UK stocks fell Wednesday, with commodity shares, including mining heavyweight Rio Tinto, in the red after underlying earnings were a disappointment. Standard Chartered’s downbeat news about dividends prompted a selloff in the lender’s stock, MarketWatch reports.

The FTSE 100 lost 0.3% at 7,399.17, with only the consumer-services sector showing a gain. The benchmark on Tuesday climbed 0.7%.

WSJ Logo