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* Antofagasta ( ANFGF ) shares drop 5% after company cuts 2026 copper
output forecast
* FTSE 100 falls 0.2% to 10,806.89 points, lowest since July
28
* Britain's economy grows 0.3% in June after being flat in
May, data shows
Aug 13 (Reuters) - London's FTSE 100 fell to a more than
two-week low on Thursday after Antofagasta's ( ANFGF ) downbeat copper
production forecast sparked losses in the mining sector and
offset any relief from stronger-than-expected economic growth in
June.
The blue-chip FTSE 100 index fell 0.2% to 10,806.89
points by 1008 GMT - dropping for a fourth consecutive day and
touching its lowest since July 28. The mid-cap FTSE 250
climbed 0.2% to 24,870.08 points.
* Britain's economy unexpectedly grew in June as companies
enjoyed a respite from the energy price surge caused by the Iran
war, the start of the men's soccer World Cup and hot weather,
official data showed.
* Gross domestic product rose by 0.3% in June, putting
Britain on course for the strongest growth among the Group of
Seven rich economies in the first half of 2026, after being flat
in May. The pound, though, was largely unchanged
against the dollar as the data did little to change near-term
interest rate expectations.
* "This is not a boom though, and quarterly growth has
slowed from 0.6%, but Britain is proving significantly harder to
knock off course than many feared," said Sam North, market
analyst for eToro.
* Antofagasta ( ANFGF ) shares fell 5% after the company cut
its 2026 copper output due to a shutdown at its Los Pelambres
mine in July. Shares of other miners Rio Tinto and Anglo
American dropped 4.5% and 3.2%, respectively.
* The FTSE 350 indexes of industrial metal miners
and precious metal miners fell
more than 3% each as metal prices lost steam against a firmer
dollar.
* A tame U.S. inflation reading on Wednesday dented
expectations of an interest rate hike from the Federal Reserve
next month. Yet, a lack of progress to permanently end the
Middle East conflict kept oil prices supported and raised
concerns about energy-driven inflationary pressures.
* Among mid-cap stocks, Costain gained 4.6% after
the infrastructure solutions firm issued upbeat half-yearly
results.
* British property firm Savills ( SVLPF ) surged 8.7% as it
posted a 47% rise in half-year underlying profit, strengthened
by an improvement in its North American and transactional
businesses.