FTSE 100 dips on weak UK growth; gold miners shine?
BY Reuters | ECONOMIC | 12/22/25 12:28 PM EST*
FTSE 100 down 0.3%, FTSE 250 up 0.1%
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UK GDP grew just 0.1% in Q3; Q2 revised lower to 0.2%
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Beverage stocks lead declines
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Gold miners hold gains as prices scale new peak
(Updates after market close)
Dec 22 (Reuters) - The ?FTSE 100 closed lower on Monday, after three straight days of gains, as data ?confirmed Britain's economy grew at a sluggish pace last quarter.
The blue-chip index ?ended down 0.3%, while the domestically focused midcap ?FTSE 250 reversed ?early losses to close up 0.1%, holding near recent seven-week highs.
Official data showed GDP ?grew just 0.1% in the third quarter, ?in line with estimates, with April-June growth revised down to 0.2% from 0.3%. The figures suggest higher taxes ?and sticky inflation are weighing on ?activity, despite ?increased household spending and reduced savings.
Meanwhile, finance minister Rachel Reeves asked the Office for Budget Responsibility to publish an interim economic ?and public finance forecast on March 3.
Among sectors, consumer staples lagged, with beverage stocks
down 2.8%. Spirits maker Diageo
Gold miners kept losses in ?check, benefitting ?from gold
surging to an all-time high of $4,440.21/oz. Endeavour Mining
Despite Monday's dip, the ?FTSE 100 is on track for its best year since 2009 with a 20.7% year-to-date climb, buoyed by defence and financial stocks. By comparison, Wall Street's benchmark S&P 500 index has risen 16.2% so far.
Among individual stocks, Rank Group
Trading volumes usually taper off towards year-end with traders away on holidays and markets closed on December 25 and December 26. (Reporting ?by Tharuniyaa Lakshmi in Bengaluru. Editing by Vijay Kishore and Mark Potter)
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