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FTSE 100, FTSE 250 flat

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Precious and industrial metal miners lead sectoral gains

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Luxury brand Burberry drops 2%, weighing on personal goods

index

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Victrex falls on tepid second-half profit outlook

July 8(Reuters) - London's main indexes were little

changed on Tuesday, with investors focusing on the latest tariff

updates and a mixed bag of corporate news.

Both the blue-chip FTSE 100 and the domestically

focussed mid-cap index were flat by 1000 GMT

U.S. President Donald Trump told 14 nations on Monday,

including Japan and South Korea, that they face 25% tariffs from

the new deadline of August 1, but also hinted at opportunities

for further negotiations.

Britain and Vietnam remain the only nations to have struck a

deal and avoid the new levies, which are separate from existing

tariffs on autos, steel and aluminium.

Sectoral gains were led by precious metal mining

stocks, which rose 2.3% as gold prices remained

steady, with Hochschild adding 4.1%, while Fresnillo

and Endeavour Mining ( EDVMF ) gained 2.5% and 1.6%,

respectively.

Industrial metals also rose with copper

prices edging higher. Glencore ( GLCNF ) was up 2.9%, while Anglo

American and Antofagasta ( ANFGF ) were marginally up.

On the flipside, personal goods index fell

1.5%, weighed down by luxury brand Burberry dropping

over 2%.

Among individual stocks, Victrex was the bottom

performer on the midcap index. The polymer manufacturer's shares

fell 8.7% after it appointed a new CEO and gave a tepid

second-half profit outlook.

Meanwhile, mining giant Rio Tinto's yet-to-be-named

CEO should be open to merger and acquisition deals along with

sharpening productivity and cost cuts, sources told Reuters. The

news gave mining shares a marginal boost.

Fast fashion retailer Shein has filed for an IPO in Hong

Kong to accelerate its listing process and pressure Britain's

regulators to approve its London debut, the Financial Times

reported on Tuesday.

The UK stock market has lost out on major IPOs in recent

months as companies have changed their plans amid investor

pushback on market valuations.

UK GDP data is expected later this week.