* FTSE 100 down 0.2%, FTSE 250 up 1%
* AstraZeneca ( AZN ) slumps after late-stage trial setback
* Playtech ( PYTCF ) tops midcaps on upbeat 2026 profit forecast
(Updates after markets close)
July 9 (Reuters) - The UK's FTSE 100 ended slightly lower on
Thursday as heavyweight AstraZeneca ( AZN ) dropped after reporting
disappointing results from a late-stage trial, offsetting gains
in mining and bank stocks.
The blue-chip FTSE 100 index fell 0.2% to 10,472.5
points, while the midcap FTSE 250 climbed 1% to snap a
three-day losing streak.
* Pharmaceutical shares were the worst
performers, down 4.3%, led by a 6.2% drop in AstraZeneca ( AZN )
after the drugmaker's nerve disease drug Wainua, made in
partnership with U.S.-based Ionis, failed to meet the
main goal of reducing cardiovascular deaths and recurring heart
problems in a late-stage trial.
* Precious metal miners rose 4%, tracking
higher gold prices as a weaker dollar boosted bullion's appeal,
while investors continued to monitor developments in the Middle
East for clues on the inflation and interest-rate outlook.
* Industrial metal miners advanced 4.1%,
tracking higher base metal prices, while heavyweight banks
added 2.2%.
* Iranian armed forces launched attacks on U.S. military
infrastructure in Gulf states following U.S. strikes on Iran's
southern coastal and eastern provinces, putting further strain
on a three-week-old ceasefire agreement.
* Oil prices meanwhile slipped over 1%, dragging UK energy
shares down 1.5%.
* Playtech ( PYTCF ) topped the midcap index, rising 14.1%
after the gaming firm forecast 2026 adjusted core profit above
market expectations on robust growth in the U.S. and Latin
America.
* Computacenter ( CUUCF ) was among the top performers on the
benchmark, rising more than 7.2% after the IT services provider
said it expects annual results to exceed market expectations,
helped by strong demand for AI-related infrastructure from
hyperscale customers in North America and the UK.