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.
10 March 2021 | 11:58am
StockMarketWire.com - Weakness in the mining sector amid slumping iron ore prices saw the FTSE 100 underperform other European markets on Wednesday. By midday the index was down 0.3% to 6,710.18.
BHP fell 3.3% to £21.28 and Rio Tinto fell 3% to £56.45.
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 gained 4.1% to £71.22 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.
On a positive note, Just Eat forecast a further acceleration in order growth in 2021 amid high demand for deliveries during the pandemic.
10 March 2021 | 16:43pm
StockMarketWire.com - Despite gains for US and European markets the FTSE 100 finished flat on Wednesday as it was dragged lower by resources stocks amid slumping iron ore prices.
The index closed down 4.74 points at 6,725.60 while by 4.30pm UK time the S&P 500 was up 0.7% to 3,901.80.
BHP fell 2.7% to £21.41 and Rio Tinto fell 2.8% to £56.57.
In corporate news, insurance group Legal & General shed 0.1% to 281.6p, 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 gained 6.1% to £72.62 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.