U.K. stocks were moving lower on Thursday, with miners and banks leading losses as investors await the outcome of Russia-Ukraine peace talks in Turkey.
The benchmark FTSE 100 dropped 34 points, or half a percent, to 7,157 after rising 3.3 percent in the previous session.
Rio Tinto lost 2.2 percent after the miner said it was cutting all ties with Russian businesses.
Evraz slumped 7 percent after the steelmaker decided to cancel an interim dividend payment, citing the conflict in Ukraine.
Among banks, HSBC Holdings fell more than 4 percent and Lloyds Banking Group declined 2 percent.
Outsourcer Capita surged 8.4 percent after it reported a swing to pretax profit in 2021.
Hill & Smith Holdings jumped 5.4 percent after the engineering services company reported a significant rise in pretax profit for 2021.
Market Analysis
FTSE 100 Slides As Miners Drag
2022-03-10 09:43:54
