April 17 (Reuters) - UK's benchmark stock index FTSE 100 dipped slightly on Friday, weighed down by utilities and mining stocks, and was set to snap a three-week winning streak.
Shares of utility companies slipped and dragged the benchmark lower after the Financial Times reported on Thursday that the Finance Minister Rachel Reeves vowed to cut the link between gas and electricity prices.
The blue-chip FTSE 100 index fell 0.1% to 10,581.06 points by 10:10 a.m. GMT, while the midcap FTSE 250 gained 0.1%, heading for a third straight week of gains.
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The utilities sector was down 2.7%, with National Grid, Severn Trent down 1.3%; while SSE, Centrica down more than 5%.
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Miners Anglo American and Glencore down 1.9% and 1.3%, respectively, tracking metal prices.
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Precious metal miners and Industrial miners down more than 1%
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Heavyweight banks down 0.1%.
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Oil giants BP and Shell down 0.5% as crude prices declined on prospects of an end to the U.S.-Iran war.
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Workspace Group plunges 12.5% after the office-space provider expects a substantial step down in annual profit.
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Associated British Foods expected to outline plans to separate its Primark fashion chain from its food businesses, shares down 0.4%.
Reporting by Utkarsh Tushar Hathi in Bengaluru; Editing by Shailesh Kuber
Source: Reuters