Mining, energy stocks push FTSE 100 higher; HSBC slides

Reuters

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    * FTSE 100 up 0.7%, FTSE 250 adds 1.2%

    Feb 23 (Reuters) - London's FTSE 100 advanced on Tuesday, as
rising commodity prices lifted mining and energy stocks, while
HSBC dropped after the lender abandoned its long-term
profitability targets.
    The commodity-heavy FTSE 100  .FTSE  was up 0.7 by 0813 GMT,
boosted by oil producers BP  BP.L  and Royal Dutch Shell
 RDSa.L , which tracked gains in crude prices.  O/R 
    Shares of miners Anglo American  AAL.L , Rio Tinto  RIO.L 
and BHP Group  BHPB.L  were also among the biggest boost to the
index.
    Travel and leisure stocks  .FTNMX5750  jumped 2.4%, gaining
for a second straight day as Prime Minister Boris Johnson
unveiled a map out of the lockdown for England.  urn:newsml:reuters.com:*:nL8N2KS593
    The mid-cap FTSE 250  .FTMC  rose 0.7%, led by industrials
and consumer discretionary stocks.
    HSBC Holdings PLC  HSBA.L  fell 1% after unveiling a revised
strategy, focused mainly on wealth management in Asia as the
COVID-19 crisis pushed the lender's annual profit sharply lower.
 urn:newsml:reuters.com:*:nL1N2KT077
    Shares of Holiday Inn-owner InterContinental Hotels  IHG.L 
rose 3.2%, despite posting an annual loss, triggered by repeated
COVID-19 restrictions and lockdowns.  urn:newsml:reuters.com:*:nL4N2KT1JR

 (Reporting by Shivani Kumaresan in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
 
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