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Restaurant Group losses deepen; launches £175m equity raising | 10 March 2021

FTSE opens 0 5% weaker as miners hit by lower iron ore price | 10 March 2021

10 March 2021 | 08:37am StockMarketWire.com - UK stocks opened lower on Wednesday after large mining companies were hit by a drop in the price of iron ore. At 0824, the benchmark FTSE 100 index was down 30.09 points, or 0.5%, at 6,700.25. BHP fell 2.6% to £21.435 and Rio Tinto fell 4.3% to £55.68. In corporate news, insurance group Legal & General shed 0.4% to 280.9p, having reported a 15% fall in annual profit driven by pandemic-related claims. Legal & General held its dividend steady at 17.57p per share. Food delivery service Just Eat Takeway slipped 0.2% to £68.30 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.

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