* FTSE 100 down 0.9%, FTMC down 0.8%
* Tesco ( TSCDF ) falls on weak Q1 sales growth
* Intertek ( IKTSF ) up after agreeing EQT takeover
* BoE holds rate steady as expected
(Updates after BoE decision; adds details, and analyst
comments)
June 18 (Reuters) - UK's main stock indexes retreated on
Thursday, pressured by miners and financials, after the Bank of
England held steady on interest rates, while the Federal
Reserve's hawkish stance also weighed on sentiment.
The BoE kept rates on hold at 3.75% as widely expected, with
only two of the nine member committee voting in favour of a rate
hike amid persistent inflation concerns.
The U.S. Federal Reserve kept rates unchanged on Wednesday,
though nine Fed policymakers projected a rate hike this year.
"The conditions don't seem in place for sustained
inflationary pressure. So we think the BoE will be able to avoid
the kind of monetary tightening that the European Central Bank
has already started to deliver and that the Fed hinted at last
night," said Luke Bartholomew, deputy chief economist, at
Aberdeen.
The blue-chip FTSE 100 index fell 0.87% to 10,416.89
points by 1345 GMT, while the midcap FTSE 250 slipped
0.8%.
* Precious metal miners declined the most, as
gold and silver prices eased. Fresnillo and Hocschild
Mining fell 6% and 8%, respectively.
* London Stock Exchange ( LDNXF ) fell 5.8% after Rothschild
Redburn downgraded the stock to "neutral", while investment firm
3i Group ( TGOPF ) declined 4%.
* Rate-sensitive homebuilders shed 2.4%, with
Persimmon falling 6.2%, among the worst performers on
the benchmark.
* Heavyweight banks were least impacted, with
HSBC ( HSBC ) and Barclays ( BCS ) down marginally at 0.2%
each.
* UK's biggest food retailer Tesco ( TSCDF ) slipped 1.6%
after reporting a slowdown in first-quarter sales growth.
* Intertek ( IKTSF ) gained 1.5% after the testing and
certification firm agreed to a takeover by Swedish private
equity firm EQT
* The world's largest exhibition group Informa ( IFPJF ) was
the top performer on FTSE 100, rising 2.5% after forecasting
stronger growth in 2027.
* Oil giants BP and Shell declined 1.6%
each, as oil prices reached to their lowest since start of Iran
war.