(MENAFN- Saudi Press Agency) Britain's top share index was dragged lower on Wednesday by Unilever, hit by a broker downgrade, and by mining companies after China's devaluation of the yuan pulled down metals prices, Reuters reported.
China, the world's second-largest economy and biggest metals consumer, devalued its currency on Tuesday after a run of poor economic data, raising the costs of imports.
London nickel, copper and aluminium all dropped to six-year lows on Wednesday as fears intensified that the weaker yuan would corrode demand.
The UK mining sector was down 1.8 percent by 1038 GMT after shedding 4.4 pct in the previous session.
The blue-chip FTSE 100 index was down 1.1 percent by 1040 GMT, slightly outperforming other European equities.
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