UK's FTSE 100 kicks off week on tepid note; miners fall

Kitco Media
By Reuters
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Updated:
Reuters
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FTSE 100 down 0.1%, FTSE 250 adds 0.03%


March 6 (Reuters) - UK's blue-chip FTSE 100 was trading flat on Monday after miners slumped following top metals consumer China's decision to set a modest growth target for the year, offsetting a strong performance by Ireland-based gaming company Flutter. The export-oriented FTSE 100 held its ground at 7,947.84 pounds and the more domestically-focussed FTSE 250 was also flat by 0817 GMT. The FTSE 350 industrial metals miners lost 1.7%. Copper prices were in the red as top consumer China set a lower-than-expected gross domestic product target of 5%. Policy sources had recently told Reuters a range as high as 6% could be set. Shares of Flutter Entertainment Plc climbed 1.8% after brokerage Citigroup raised the stock's price target to 13,500 pounds ($16,251.30) from 12,500 pounds. AstraZeneca Plc said a mid-stage trial of its cancer drug Enhertu showed positive results for treating other tumours as well, lifting shares of the drugmaker by 0.1%.


($1 = 0.8307 pounds)


(Reporting by Johann M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips)


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