FTSE 100 Index Down 0.4% at Close, Dragged by -3-

0740 GMT - Fresnillo shares tumble to the bottom of the FTSE 100 index, losing around 7% in morning trade, after the Mexican precious-metals miner posted worse-than-expected first-half results. The market should react negatively to the results given the Ebitda and cash flow generation miss for the six-month period, RBC Capital Markets says in a note. "The -12% reduction in 2023 capex guidance is a positive as it appears to be driven by project optimization rather than just a time deferral," the Canadian bank's analysts Marina Calero and Tyler Broda write. RBC rates the stock sector perform. At around 575 pence, shares trade at their lowest price since late March 2020. ([e-mail])

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(END) Dow Jones Newswires

08-01-23 1217ET