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Mining, energy stocks push FTSE 100 higher; HSBC slides

Published 02/23/2021, 04:25 PM
Updated 02/23/2021, 04:30 PM
UK100
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HSBA
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IHG
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BP
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RDSa
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RIO
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AAL
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BHPB
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FTMC
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FTNMX405010
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.7%, FTSE 250 adds 1.2%

Feb 23 (Reuters) - London's FTSE 100 advanced on Tuesday, as
rising commodity prices lifted mining and energy stocks, while
HSBC dropped after the lender abandoned its long-term
profitability targets.
The commodity-heavy FTSE 100 .FTSE was up 0.7 by 0813 GMT,
boosted by oil producers BP BP.L and Royal Dutch Shell
RDSa.L , which tracked gains in crude prices. O/R
Shares of miners Anglo American AAL.L , Rio Tinto RIO.L
and BHP Group BHPB.L were also among the biggest boost to the
index.
Travel and leisure stocks .FTNMX5750 jumped 2.4%, gaining
for a second straight day as Prime Minister Boris Johnson
unveiled a map out of the lockdown for England. The mid-cap FTSE 250 .FTMC rose 0.7%, led by industrials
and consumer discretionary stocks.
HSBC Holdings PLC HSBA.L fell 1% after unveiling a revised
strategy, focused mainly on wealth management in Asia as the
COVID-19 crisis pushed the lender's annual profit sharply lower.
Shares of Holiday Inn-owner InterContinental Hotels IHG.L
rose 3.2%, despite posting an annual loss, triggered by repeated
COVID-19 restrictions and lockdowns.

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