FTSE 100 up 0.2%, FTSE 250 down 0.4%
Anglo American jumps on $53 bln merger deal with Canada's Teck
Burberry falls on cautious comments at luxury conference
Updates after market close
Sept 9 (Reuters) - Britain's FTSE 100 closed higher on Tuesday, boosted by energy and industrial mining stocks, as Anglo American jumped on a merger deal.
The blue-chip FTSE 100 .FTSE closed up 0.2%. The domestically focussed mid-cap index .FTMC ended 0.4% lower, weighed down by consumer discretionary stocks.
Industrial miners .FTNMX551020 rose 2.7%, led by Anglo American AAL.L, which rose 9.1%, to top the FTSE 100, after the miner said it has agreed to merge with Canada's Teck Resources TECKb.TO in a $53 billion deal to form a newly combined company Anglo Teck.
"The deal is a win for the UK stock market as the enlarged Anglo Teck group will have its primary listing in London," said Russ Mould, investment director at AJ Bell.
"Anglo clearly believes the UK works well as a listing venue and that sends a positive message to other businesses undergoing M&A."
Energy stocks .FTNMX601010 advanced, tracking higher oil prices after an Israeli attack on the Hamas leadership in Qatar. O/R
Shell SHEL.L rose 1%, while BP BP.L advanced 1.3%.
Bank .FTNMX301010 stocks also rose, with top lenders NatWest NWG.L and Barclays BARC.L among the top performers on the benchmark index.
On the flip side, personal goods .FTNMX402040 stocks lost 6.7%, with Burberry BRBY.L falling 8.3% on cautious comments at a luxury conference.
The homebuilders' index .FTNMX402020 also fell, with Berkeley BKGH.L down 1.8%, while Vistry VTYV.L fell 4.6%.
Though a survey showed British shoppers spent more in August, helped by summer weather, retail stocks .FTNMX404010 declined 1.7%, dragged down by Dunelm DNLM.L, which fell 9.9% to the bottom of the mid-cap index after it cautioned that it had yet to see signs of sustained recovery in consumer demand.
Other retailers, such as JD Sports Fashion JD.L and Howden Joinery HWDN.L, also fell.
Among other moves, the London Stock Exchange Group LSEG.L fell 4.7% to the bottom of the FTSE 100. Unilever ULVR.L was down 1.5%.
Computacenter CCC.L gained 3.8% after flagging a strong start to the third quarter.
Insurer Phoenix Group PHNX.L was up 1.8%, following a 7.6% decline in the previous session when it said it would rebrand as Standard Life in March 2026 and reported a larger-than-expected drop in book value due to market moves.
(Reporting by Sukriti Gupta; Editing by Tasim Zahid and Alex Richardson)
((Sukriti.Gupta@thomsonreuters.com;))
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