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FTSE 100 down 0.1%, FTSE 250 down 0.2%

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Precious metal miners retreat after rally

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Ibstock ( IBJHF ) slides after profit drop warning

Oct 10 (Reuters) - Britain's benchmark FTSE 100 fell for

a second consecutive session on Friday as losses in heavyweight

miners and industrials outweighed gains in consumer stocks.

The benchmark FTSE 100 was down 0.1% at 9,500 as of

1045 GMT, but was set for a third consecutive week of gains. The

mid-cap index was heading toward a weekly loss, down

0.2% on Friday.

Industrial stocks were the biggest drag on the market, led

by the aerospace and defence sector. It fell

2.2%.

Rolls-Royce fell 2.1%, the biggest weight on the FTSE

100, while BAE Systems and Melrose lost 2.3%

and 2.4% respectively.

Resource-linked sectors also took a hit, with precious-metal

miners and energy stocks down 2.9%

and 0.9% respectively, tracking a dip in gold and oil prices.

.

Endeavour Mining ( EDVMF ) and Fresnillo were among

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

profits after the recent rally.

Russ Mould, investment director at AJ Bell, said that

investors crystallized gains often, but the question was if 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 down heavily by banks after

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

despite hitting record highs this week.

Weekly gains in base metal miners and utilities could keep

the index in the positive territory for the week, if levels

hold.

Ibstock ( IBJHF ) lost 5.7%, hitting its lowest level in over

nine years, after the bricks and concrete maker warned that its

annual profit would fall below expectations.

The stock was the worst performer on the domestically

focussed FTSE 250 and weighed on the broader construction

sector, down 1.1%.

Conversely, consumer staples stocks saw gains, with

beverages companies up 1.5%, and personal care,

drug and grocery companies up 1%.

Among others, Hays was the top gainer on the FTSE

250, up 5.1% after the recruitment firm's first-quarter trading

statement.

(Reporting by Avinash P and Purvi Agarwal; Editing by Shreya

Biswas

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