Britain's FTSE 100 slips as miners, Diageo weigh
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FTSE 100 down 0.2%, FTSE 250 adds 0.9%
Beverage stocks lead sectoral declines
Standard Chartered announces largest share buyback, shares rise
St James's Place soars on strategy reboot
Updated at 1550 GMT
By Purvi Agarwal and Shubham Batra
July 30 (Reuters) -London's FTSE 100 ended lower on Tuesday, hurt by losses in the beverage sector after Diageo hit a four-year low following an annual profit miss, and by a decline in mining stocks.
The blue-chip FTSE 100 index .FTSE edged 0.2% lower, with industrial metal miners .FTNMX551020 falling around 2% as base metals prices fell on slowing global growth momentum and risk-off sentiment.
The beverages sector .FTNMX451010 was the worst hit, down 4.2% to its lowest since November 2020. Diageo DGE.L fell 5.1% after the spirits maker reported a steeper than expected 4.8% decline in annual organic operating profit.
The mid-cap FTSE 250 index .FTMC rose nearly 1% after St James's Place SJP.L jumped 25% to log its biggest one-day rise since 2008.
The British wealth manager's CEO Mark FitzPatrick, who took up the role in December, announced a strategy update alongside half-year results, including a target to hit cumulative savings of close to 500 million pounds ($643 million) by 2030.
Precious metal miners .FTNMX551030 climbed 1.8%, tracking higher gold prices. GOL/
Investors will now shift their focus to U.S. Federal Reserve, which is expected to keep rates unchanged on Wednesday, while bets of a cut from the Bank of England on Thursday stand at just over 58%, despite data showing sticky services inflation. 0#BOEWATCH
Also on the radar this week are a crucial jobs report in the U.S. and quarterly earnings from Big Tech names like Microsoft MSFT.O, which is set to report after the closing bell on Tuesday.
Standard Chartered STAN.L gained 5.9% to top the FTSE 100 after the bank announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year.
Reporting by Purvi Agarwal and Shubham Batra in Bengaluru; Editing by Mrigank Dhaniwala and Susan Fenton
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