- The FTSE 100 followed the US lower after ten-year US treasury notes hit 3% for the first time in over four years.

The blue-chip index shed 0.6% to 7,376 led by losses in the mining and oil sectors.

Miners Anglo American (AAL) dropped 4.5% to £16.68 and Antofagasta (ANTO) lost 3.9% to 938.8p, followed by peers Rio Tinto (RIO) and Glencore (GLEN),

Oil major BP (BP.) retreated 1.5% to 525.4p and Royal Dutch Shell (RDSB) slid 0.9% to £25.84.

Brent crude oil was unmoved at $74 per barrel.


On Wall Street, the Dow Jones suffered a 1.7% fall to 24,024 overnight. In Asia, there was also a sea of red with Hong Kong's Hang Seng the biggest faller, down 1% at 30,328.


Whitbread (WTB) decided to demerge its struggling Costa Coffee chain within two years in a bid to drive long-term value. UK like-for-like sales at Costa dipped 0.4% in the year to 28 February, down from 2% growth in 2018. The Premier Inn owner's shares were down 1.1% at £41.38.

Rare diseases specialist Shire (SHP) was flat at £39.47 after announcing it is willing to recommend Japanese pharma firm Takeda's latest takeover offer.

High street bank Lloyds (LLOY) missed analysts' forecasts with its latest annual results, pushing its shares 1.7% lower to 65p.

Investors wanted more from challenger bank Metro Bank (MTRO), marking the shares 10.2% lower despite posting a five-fold increase in underlying pre-tax profits thanks to strong deposit and lending growth.

Chemicals business Croda (CRDA) revealed its sales fell 2.7% in the quarter to 31 March, prompting investors to mark the shares 5.4% lower to £43.69.


Online fashion play Boohoo (BOO) was in the spotlight following a 40% jump in pre-tax profit to £43.3m in the year to 28 February, triggering a 16.1% rally to 179.3p.

A new contract for logistics firm Clipper (CLG) with Boohoo's subsidiary caused the stock to accelerate 3.6% to 456p.

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