Oct 21 (Reuters) – London’s FTSE 100 index fell on Thursday as miners slipped over rising troubles in China’s property sector and investors fretted about rate hike prospects, while Unilever gained on strong quarterly sales growth.
Despite positive earnings updates, miners (.FTNMX551020) were hit by fresh worries about the heavily indebted Chinese property developer China Evergrande Group (3333.HK) after it said it abandoned a $2.6 billion sale of a stake in a subsidiary and that it had made no progress on other sales. read more
Global miner Anglo American ((AAL).L) fell 1.9% despite reporting a 2% rise in third-quarter overall production. read more
The domestically focussed mid-cap index (.FTMC) fell 0.4%, with consumer services stocks among the worst performers.
In company news, Renishaw PLC (RSW.L) rose 6.8% after reporting nearly 146% rise in profit.
Unilever (ULVR.L) gained 0.9% after the consumer goods giant beat its third-quarter sales growth forecast and maintained its full-year profit margin guidance. read more
Reporting by Bansari Mayur Kamdar; Editing by Subhranshu Sahu
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