Anglo American falls to the bottom of FTSE 100
IHG drops on fullyear revenue miss
FTSE 100 down 0.5, FTSE 250 off 1.2

Feb 21 Reuters Britain39;s exporterheavy FTSE 100 ended lower on Tuesday, dragged by weakness in mining and homebuilder stocks, while a rise in domestic business activity fanned fears of more rate hikes by the Bank of England.

The FTSE 100 fell 0.5, slipping below 8,000 points after having closed above that mark for the past three days. The pound rose 0.6.

The domesticfocussed FTSE 250 midcap index declined 1.2 to hit its lowest level in three weeks.

British businesses reported an unexpected bounce in activity as well as receding price pressures this month, a survey showed on Tuesday, suggesting the economy may be sidestepping the risk of recession.

We have had a strong start to the year in risky assets, partly premised on the idea that policy rates would peak relatively soon and then come down, said Richard Flax, chief investment officer at Moneyfarm.

What we have seen over the last week is that macro data has cooled that thesis.

UK homebuilders fell 2.4, led by declines in Persimmon as rate hike concerns gained traction.

Industrial metal miners shed 2.9, with Anglo American down 3.8 and leading declines after its unit, Kumba Iron Ore, cut its production outlook.

Also weighing on the subindex was Antofagasta, down 2.2 as the Chilean miner more than halved its annual dividend and reported a drop in fullyear profit.

Shares of HSBC Holdings…