for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Mining, energy stocks push FTSE 100 higher; HSBC slides

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* 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 was up 0.7 by 0813 GMT, boosted by oil producers BP and Royal Dutch Shell , which tracked gains in crude prices.

Shares of miners Anglo American, Rio Tinto and BHP Group were also among the biggest boost to the index.

Travel and leisure stocks jumped 2.4%, gaining for a second straight day as Prime Minister Boris Johnson unveiled a map out of the lockdown for England.

The mid-cap FTSE 250 rose 0.7%, led by industrials and consumer discretionary stocks.

HSBC Holdings PLC 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.

Shares of Holiday Inn-owner InterContinental Hotels rose 3.2%, despite posting an annual loss, triggered by repeated COVID-19 restrictions and lockdowns. (Reporting by Shivani Kumaresan in Bengaluru, Editing by Sherry Jacob-Phillips)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up