"London's stock market fell sharply on Wednesday as losses among mining companies and British Gas owner Centrica dragged the FTSE 100 lower. Mining Sector Leads Decline Shares in major mining firms were among the biggest fallers. Companies exposed to commodities markets, particularly those linked to oil, gas, and metals, saw significant declines as investors fretted over weaker demand forecasts and ongoing geopolitical tensions. Analysts noted that higher energy prices and inflationary pressures are increasing costs for miners, putting margins under pressure."
"Centrica Shares Slide Centrica, the owner of British Gas, was also a major drag on the market. The energy giant's shares fell following renewed concerns over rising wholesale energy costs and regulatory pressures in the UK energy market. Investors have been closely monitoring Centrica's earnings and guidance, amid ongoing uncertainty over the winter energy price cap and broader energy market volatility."
London's stock market fell sharply, with the FTSE 100 closing down 1.2% as earlier gains were erased amid rising energy costs and global economic uncertainty. Major mining firms were among the biggest fallers, with companies linked to oil, gas and metals hit by weaker demand forecasts and geopolitical tensions. Higher energy prices and inflationary pressures are increasing costs for miners and compressing margins. Centrica's shares declined after renewed concerns over rising wholesale energy costs and UK regulatory pressure, heightening investor caution. The FTSE 250 also fell, though retail and consumer stocks showed relative resilience. Market participants are awaiting inflation data, corporate earnings and Bank of England commentary.
Read at London Business News | Londonlovesbusiness.com
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