Both FTSE 100 FTSE 250 fall 0.6
Homebuilders, travel shares drag London stocks
888 Holdings tanks after downbeat annual profit view
Energy stocks gain on higher oil prices

Sept 28 Reuters London stocks lagged on Thursday, dragged by declines in homebuilders, and travel and leisure stocks, though losses were limited by gains in the energy sector.

Both the FTSE 100 and the FTSE 250 fell 0.6 by 0854 GMT.

Shares of 888 Holdings tumbled 16.5 after the bookmaker forecast annual core profit below its prior expectations after flagging a 10 decline in thirdquarter revenue.

The broader travel and leisure index dived 2.1.

Meanwhile, homebuilders declined 2.1 as higherforlonger rates partly weighed on investor sentiment, with Barratt Developments down 6 as the stock traded exdividend.

Banks stocks were also down 0.4, while life insurers dropped 1.4.

Shares of Phoenix Group fell 5.8 after the life insurer posted a marginal rise in its halfyearly adjusted operating profit and traded exdividend.

HSBC edged down 0.2 after sources said the bank is set to acquire Citigroup39;s China consumer wealth management business, which manages more than 3 billion in assets.

Britain set out plans to ease key banking and insurance rules in the latest attempt to boost its vital financial sector following the country39;s departure from the European Union.

However, energy stocks rose 0.4 tracking higher oil prices and limiting losses.

U.S. oil futures jumped to their highest in more than a…