London's FTSE 100 edges lower as utilities and miners weigh
17/04/2026 10:28
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window April 17 (Reuters) - UK's benchmark stock index FTSE 100 dipped slightly on Friday, weighed down by utilities and mining stocks, and was set to snap a three-week winning streak. Shares of utility companies slipped and dragged the benchmark lower after the Financial Times reported on Thursday that the Finance Minister Rachel Reeves vowed to cut the link between gas and electricity prices. The blue-chip FTSE 100 index .FTSE fell 0.1% to 10,581.06 points by 10:10 a.m. GMT, while the midcap FTSE 250 .FTMC gained 0.1%, heading for a third straight week of gains. The utilities sector .FTUB6510 was down 2.7%, with National Grid NG.L, Severn Trent SVT.L down 1.3%; while SSE SSE.L, Centrica CNA.L down more than 5%. Miners Anglo American AAL.L and Glencore GLEN.L down 1.9% and 1.3%, respectively, tracking metal prices. Precious metal miners .FTNMX551030 and Industrial miners .FTNMX551020 down more than 1% Heavyweight banks .FTNMX301010 down 0.1%. Oil giants BP BP.L and Shell SHEL.L down 0.5% as crude prices declined on prospects of an end to the U.S.-Iran war. Workspace Group WKP.L plunges 12.5% after the office-space provider expects a substantial step down in annual profit. Associated British Foods ABF.L expected to outline plans to separate its Primark fashion chain from its food businesses, shares down 0.4%. (Reporting by Utkarsh Tushar Hathi in Bengaluru; Editing by Shailesh Kuber) ((utkarshtushar.hathi@thomsonreuters.com; 91-9900310515))