FTSE 100 down 0.7, FTSE 250 off 0.6

May 31 Reuters UK39;s resourceheavy FTSE 100 slid on Wednesday to a twomonth low, weighed down by commodity stocks as investors were worried that economic recovery in top consumer China might be stalling, while retailer WH Smith rose on a strong annual outlook.

The internationallyfocused FTSE 100 dropped 0.7, bogged down by losses in heavyweight industrial metals miners and energy firms after weak China economic data clouded the outlook for raw materials.

China focused lifeinsurance firm Prudential Plc also shed 1.3.

Entain Plc shed 2.7 after the Ladbrokesowner said it was likely to get slapped with a financial penalty as part of a probe by Britain39;s tax authority.

The midcap FTSE 250 also shed 0.6, nearly offsetting a 0.7 gain in WH Smith Plc after the retailer forecast higher fullyear profit, betting on strong travel demand during the summer.

Also denting sentiment was a survey that showed sentiment among domestic businesses fell for the first time in three months in May as firms were less optimistic about the economy and their trading prospects.

Reporting by Johann M Cherian in Bengaluru; Editing by Sonia Cheema

Source Reuters