JD Sports Fashion up on proposing to buy French retailer Courir
Energy stocks fall as oil prices dip
Direct Line skids after profit warning
FTSE 100 down 0.3, FTSE 250 off 0.7

May 9 Reuters London stocks fell on Tuesday as traders returning from a long weekend were cautious ahead of a key U.S. inflation data that could offer hints on the Federal Reserve39;s monetary policy path.

The bluechip FTSE 100 fell 0.3 after a holiday on Monday for the official coronation of King Charles over the weekend, while the FTSE 250 midcap index was down 0.7.

JD Sports Fashion rose 1.8 after Britain39;s biggest sportswear retailer said it had proposed to acquire Francebased sportswear retailer Courir for an enterprise value of 520 million euros 572.42 million.

International Consolidated Airlines Group S.A gained 1.1 after Peel Hunt raised the British Airways owner39;s rating to buy from hold. The broader travel and leisure index gained 0.9.

Travel stocks have had a really nice run for the last few days, said Christopher Peters, trading floor manager at Accendo Markets.

From midApril, we39;ve seen a decline in oil prices. That has an effect on costs for the airlines and travel stocks.

Energy stocks dipped 1.2, as oil prices relinquished some of the strong gains of the previous two sessions ahead of U.S. inflation data due on Wednesday.

Direct Line Insurance Group lost 6.1 after the motor insurer said it expected more adverse claims in motor to pressure its earnings in 2023….