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Energy, mining shares drag London stocks lower
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Energy, mining shares drag London stocks lower
Oct 10, 2025 10:06 AM

*

FTSE 100 down 0.9%, FTSE 250 down 1.14%

*

Precious metal miners retreat after rally

*

Ibstock ( IBJHF ) slides after profit drop warning

(Updates after markets close)

Oct 10 (Reuters) - British stocks closed lower on

Friday, as losses in heavyweight energy and miners outweighed

gains in consumer shares.

The benchmark FTSE 100 dropped 0.9% to 9,427.47 and

ended the week 0.67% lower.

The mid-cap index was down 1.14% on Friday and also

recorded a weekly loss of 1.8%.

The oil and gas sector was the biggest drag,

down 2.9% as oil prices declined to multi-month lows on Friday.

Shell and BP were the biggest weights on

the FTSE 100 with 2.9% and 2.8% declines respectively.

The aerospace and defence sector fell 1.6%.

Rolls-Royce fell 1.4%, while BAE Systems and

Melrose lost 1.6% and 2.6% respectively.

Resource-linked sectors also took a hit, with precious

and industrial metal miners down

1.8% and 2.3% respectively, tracking a dip in gold and copper

prices.

Endeavour Mining ( EDVMF ) and Glencore ( GLCNF ) were among

the worst performers on the FTSE 100, as investors booked some

profits after a recent rally.

Russ Mould, investment director at AJ Bell, said investors

crystallized gains often, but the question was whether this

money was going to be invested in new areas or taken off the

market for bargain-hunting if the markets saw a correction.

The benchmark index was weighed heavily by banks after

HSBC's privatisation plans for a Hong Kong bank on Thursday,

despite hitting record highs this week.

Among other stocks, Ibstock ( IBJHF ) lost 4%, hitting its

lowest level in over nine years after the bricks and concrete

maker warned its annual profit would fall below expectations.

The stock was among the worst performers on the domestically

focussed FTSE 250 and weighed on the broader construction

sector, which was down 0.6%.

Conversely, consumer staples stocks saw gains, with

beverages companies up moderately, and personal

care, drug and grocery companies up 0.9%.

Among others, Hays emerged as the top gainer on the

FTSE 250 earlier in the day following its first-quarter trading

update. However, the recruitment firm gave up most of those

gains to end the session flat.

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