Water utility firms rise after Thames Water to receive 960 mln from investors
Miners under pressure after weak China data
BT Group down on CEO39;s plan to step down
Real estate stocks fall on HSBC39;s bearish outlook on sector
Both FTSE 100 and FTSE 250 add 0.1
July 10 Reuters UK39;s FTSE 100 edged higher on Monday as gains in energy firms outpaced losses in mining stocks, which fell on lower metal prices after weak Chinese economic data renewed slowing demand concerns.
The bluechip FTSE 100 was up 0.1, while the more domestically focussed FTSE 250 midcap index added 0.1.
Oil major Shell gained 1.1 after Deutsche Bank raised its price target on the stock, while the broader oil and gas sector added 0.9.
Industrial metal miners lost 1.0, tracking a fall in most base metal prices.
Top metals consumer China39;s producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation.
The continued loss of power in the Chinese economy is concerning investors, said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Chinaexposed insurer Prudential fell 0.4.
Precious metal miners also slipped 1.2.
Britain39;s biggest water company Thames Water said its investors had agreed to pump 750 million pounds 960 million into the firm, weighed down by a debt of 14 billion pounds and feared a government rescue.
Water utility firms United Utilities Group and Severn Trent gained 1.2 each.
A bearish note…