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Mining, insurance stocks drag FTSE 100 lower; Smith+Nephew outperforms

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* FTSE 100 down 0.2%, FTSE 250 off 0.1%

June 9 (Reuters) - London’s FTSE 100 index edged lower on Wednesday, weighed down by heavyweight financials and mining stocks, while SSP Group slipped after a downbeat earnings update.

The blue-chip index fell 0.2%, dragged down by life insurance and non-life insurance stocks.

Base metal miners fell 0.5%, while industrial stocks slipped 0.4% with Experian leading the decline.

The domestically focused mid-cap FTSE 250 index declined 0.1%. Upper Crust owner SSP Group fell 1.8% after it reported a bigger half-year loss, as air and rail travel were slow to take off despite many countries easing restrictions in the first three months of 2021.

However, medical products maker Smith+Nephew jumped 4.5% to the top of the FTSE 100 index, after Credit Suisse upgraded the stock to “outperform” from “neutral”. (Reporting by Devik Jain in Bengaluru; Editing by Subhranshu Sahu)

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