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April 22, 2013, 12:23 p.m. EDT

Miners lead U.K. stocks lower after U.S. data

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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) — The U.K.’s benchmark stock index ended lower Monday, erasing gains after U.S. data showed unexpected weakness and mining firms lost ground.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -0.38% dropped 0.1% to settle at 6,280.62, after closing out last week with a 1.5% loss.

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The index traded as high as 6,341.98 earlier in the session, but dropped in afternoon action, after data from the U.S. showed existing-home sales unexpectedly declined 0.6% in March to a seasonally adjusted annual rate of 4.92 million.

Mining firms posted some of the biggest losses, pulling back after solid performances at the end of last week.

Shares of Eurasian Natural Resources Corp. lost 2.4%. The miner soared 27% on Friday, after one of the company’s founding shareholders said he was considering making a bid for the company.

Kazakhmys PLC /zigman2/quotes/208098927/delayed UK:KAZ +0.16% , which owns a 26% stake in ENRC, rallied 26% on Friday, but gave back 8.3% in Monday’s action.

Other miners were also lower, even as metals prices were mixed. BHP Billiton PLC   /zigman2/quotes/208108397/composite BHP -0.92%   /zigman2/quotes/201448516/delayed AU:BHP -1.25%  fell 1.1% and Anglo American PLC /zigman2/quotes/201381512/delayed UK:AAL -0.66%  lost 0.3%.

Shares of miner Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO -0.24% /zigman2/quotes/202627887/composite RIO -2.03% /zigman2/quotes/200083756/delayed AU:RIO -0.84% dropped 1.1%. The firm said it appealed an Australian court ruling blocking plans to extend the life of one of its coal mines.


Bloomberg News Enlarge Image
HSBC shares rise with the broader banking sector on Monday.

Banks posted some of the biggest gains in the index, after a statement from the Group of 20 major economies late Friday helped lift sentiment. G-20 leaders refrained from criticizing Japan for easing policies that have recently sent the yen to multiyear lows — which was widely interpreted as the international community offering its support for Tokyo’s monetary stimulus. See: Approval ratings for Japan PM jump as Abenomics takes hold .

Shares of Royal Bank of Scotland Group PLC added 2%, Lloyds Banking Group PLC /zigman2/quotes/202285510/delayed UK:LLOY -1.50% /zigman2/quotes/200709414/composite LYG -4.31% advanced 3.5% and Barclays PLC /zigman2/quotes/208409333/delayed UK:BARC -1.69%   /zigman2/quotes/206581728/composite BCS -4.74%  gained 1.1%.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,338.53
-24.40 -0.38%
Volume: 236,215
Nov. 27, 2020 11:44a
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/zigman2/quotes/208098927/delayed
UK : U.K.: London
639.00 p
+1.00 +0.16%
Volume: 193,871
Nov. 27, 2020 11:33a
P/E Ratio
7.33
Dividend Yield
1.41%
Market Cap
£2.97 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 57.32
-0.53 -0.92%
Volume: 1.66M
Nov. 25, 2020 7:00p
P/E Ratio
18.27
Dividend Yield
4.19%
Market Cap
$135.05 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 38.72
-0.49 -1.25%
Volume: 4.92M
Nov. 27, 2020 4:10p
P/E Ratio
16.61
Dividend Yield
4.52%
Market Cap
$183.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,251.50 p
-15.00 -0.66%
Volume: 491,582
Nov. 27, 2020 11:43a
P/E Ratio
16.85
Dividend Yield
2.49%
Market Cap
£28.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,889.50 p
-12.00 -0.24%
Volume: 624,037
Nov. 27, 2020 11:44a
P/E Ratio
13.97
Dividend Yield
6.08%
Market Cap
£82.49 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 66.28
-1.37 -2.03%
Volume: 2.92M
Nov. 25, 2020 7:00p
P/E Ratio
14.99
Dividend Yield
5.82%
Market Cap
$110.38 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 102.00
-0.86 -0.84%
Volume: 1.11M
Nov. 27, 2020 4:10p
P/E Ratio
15.54
Dividend Yield
5.55%
Market Cap
$150.17 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/202285510/delayed
UK : U.K.: London
36.76 p
-0.56 -1.50%
Volume: 54.39M
Nov. 27, 2020 11:44a
P/E Ratio
89.66
Dividend Yield
0.00%
Market Cap
£26.99 billion
Rev. per Employee
£635,594
loading...
/zigman2/quotes/200709414/composite
US : U.S.: NYSE
$ 2.00
-0.09 -4.31%
Volume: 6.14M
Nov. 25, 2020 7:00p
P/E Ratio
98.04
Dividend Yield
2.78%
Market Cap
$36.12 billion
Rev. per Employee
$810,852
loading...
/zigman2/quotes/208409333/delayed
UK : U.K.: London
138.72 p
-2.38 -1.69%
Volume: 16.07M
Nov. 27, 2020 11:44a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£24.87 billion
Rev. per Employee
£371,819
loading...
/zigman2/quotes/206581728/composite
US : U.S.: NYSE
$ 7.64
-0.38 -4.74%
Volume: 3.34M
Nov. 25, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
1.88%
Market Cap
$33.28 billion
Rev. per Employee
$474,344
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Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.

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