finance

Natwest, miners weigh on UK blue-chip stocks



© Reuters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

(Reuters) – UK shares tracked global markets lower on Friday, with anxiety over potential interest rate hikes and a slide in state-backed bank NatWest dragging down the blue-chip FTSE 100.

NatWest fell 4.2% even as its third-quarter profit tripled. However, the bank took a 294 million pound charge which included a provision for an expected fine for money laundering failings.

The was down 0.3% at 0727 GMT, with drugmaker Astrazeneca (LON:) and miners Glencore (LON:) and Rio Tinto (LON:) among the worst performers.

Glencore dropped 0.1% after reporting a 9% drop in coal output in its third-quarter production report.

The domestically focussed mid-cap index fell 0.2%.

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