UK's FTSE 100 falls as energy stocks weigh; Man Group lifts midcaps
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FTSE 100 down 0.1%, FTSE 250 adds 0.1%
Dec 9 (Reuters) - UK's blue-chip FTSE 100 fell on Friday dragged down by energy- linked stocks, while fund manager Man Group led mid-cap shares higher after after announcing a share buy-back programme.
The blue-chip FTSE 100 .FTSE fell 0.1% by 0853 GMT, while the domestically focused FTSE 250 .FTMC mid-cap index added 0.14%. However, both the indices are set to end the week lower.
The investment banking and brokerage services index .FTNMX404010 rose 0.7%, supported by a near 5% jump in Man Group EMG.L after it announced a share buyback programme of up to $125 million.
The biggest drag on the FTSE 100 were energy firms .FTNMX601010 , which fell 0.9% on subdued crude prices.
Industrial miners .FTNMX551020 , on the other hand, gained 1.3%, as the easing of COVID-10 restrictions in China boosted hopes that demand would recover in the world's second-largest economy.
Anglo American Plc AAL.L rose 1.4% after the copper miner said it expects production to rise over the next two years.
Reporting by Johann M Cherian in Bengaluru; Editing by Rashmi Aich
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