April 15 (Reuters) - London's FTSE 100 closed lower on
Wednesday as healthcare and consumer-facing stocks weighed,
while investors cautiously awaited developments in the Middle
East.
The blue-chip FTSE 100 index ended 0.5% lower, in
its biggest one-day decline in over a week, while the midcap
FTSE 250 slipped 0.3%.
* U.S. President Donald Trump said the war was close to
over, as officials from mediator Pakistan arrived in Tehran. A
separate report said the U.S. and Iran were weighing an
extension to the ceasefire.
* Oil prices were little changed on Wednesday, holding below
$100 a barrel. British energy stocks inched 0.8%
lower.
* Banks pared most declines and closed 0.2% lower. They
were the biggest drags earlier in the session.
* Healthcare stocks, which were the
biggest boosts earlier, dragged down the index, with GSK
losing 2.7%.
* The personal goods sector was hurt by a
2.2% drop in Burberry ( BBRYF ) after results from its peers,
Kering and Hermes, disappointed investors.
* Precious metal miners were the biggest
percentage decliners, down 2.2%, as gold inched lower.
* Investors also turned their attention to corporate updates
and earnings to see how companies approach tackling headwinds
from the Middle East conflict.
* Antofagasta ( ANFGF ) said copper production was expected
to rise quarter-on-quarter through the year. The stock, however,
pared early gains to close marginally higher.
* Saga climbed 6% after the over-50s holiday and
insurance group said it was ahead of schedule to reach its
medium-term profit targets.
* Britain's largest homebuilder, Barratt Redrow ( BTDPF ),
slashed its land spending and approval targets, but its shares
were 3.5% higher.