LBCI

London stocks slip on weak China data; homebuilders drop

World

07-06-2023 | 05:05

Share

Share

London stocks slip on weak China data; homebuilders drop

Britain's resource-heavy stock indexes slipped on Wednesday as weak trade data from China drove miners lower, while shares of homebuilders dropped on dismal domestic housing prices data.

The resource-heavy FTSE 100 (.FTSE) slipped 0.2% as of 0717 GMT, while the domestically-focused FTSE 250 (.FTMC) midcap index was down 0.1%.

British house prices dropped on an annual basis in May for the first time in 11 years, mortgage lender Halifax said, prompting a 1.1% decline in homebuilders' stocks (.FTNMX402020).

Miners (.FTNMX551020) shed 0.7% as copper prices dipped after data showed China's exports shrank much faster than expected in May and imports fell.

Energy stocks (.FTNMX601010) too edged 0.4% lower, tracking lower crude oil prices.

Croda International Plc (CRDA.L) lost 2.1% as Goldman Sachs lowered its rating on the speciality chemicals group's stock to "neutral" from "buy". The chemicals sector index (.FTNMX552010) shed 1.4%.

London

Stocks

Slip

Weak

China

Data

Homebuilders

Drop

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

MPs apologize for skipping Bou Saab meeting: Sources to LBCI

2026-05-18

MPs apologize for skipping Bou Saab meeting: Sources to LBCI

Beirut under pressure: Israeli conditions escalate as Lebanon searches for a diplomatic way out

News Bulletin Reports

2026-03-06

Beirut under pressure: Israeli conditions escalate as Lebanon searches for a diplomatic way out

Iran foreign ministry says communication channel 'open' with US envoy

Middle East News

2026-01-12

Iran foreign ministry says communication channel 'open' with US envoy

Iraq's top Shiite cleric denounces 'unjust war' on Iran

Middle East News

2026-03-04

Iraq's top Shiite cleric denounces 'unjust war' on Iran

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Political clash: A dispute over one speech reveals a deeper power struggle in Lebanon

1

Political clash: A dispute over one speech reveals a deeper power struggle in Lebanon

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

2

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

Dispute between Lebanon’s prime minister and defense minister under discussion, sources say

3

Dispute between Lebanon’s prime minister and defense minister under discussion, sources say

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

4

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

Solar eclipse plunges large swathe of Spain into total darkness

5

Solar eclipse plunges large swathe of Spain into total darkness

Explosion rocks ammunition factory near Rome

6

Explosion rocks ammunition factory near Rome

Lebanon presidency denies media reports on Aoun-Trump meeting

7

Lebanon presidency denies media reports on Aoun-Trump meeting

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

8

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More