financetom
World
financetom
/
World
/
UK's FTSE 100 ticks lower as AstraZeneca drag offsets banks, mining gains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK's FTSE 100 ticks lower as AstraZeneca drag offsets banks, mining gains
Jul 9, 2026 9:20 AM

* 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved