FTSE 100 flat as mining stocks weigh; Smiths Group top gainer

© Reuters. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo/File Photo

(Reuters) – London’s FTSE 100 was subdued on Tuesday as losses in mining heavyweights outweighed strength in energy shares, while Smiths Group (LON:) topped the blue-chip index after the technology company delivered positive full-year results.

Shares of Smiths Group jumped 4.1% after the UK-based company signed a binding agreement to sell its medical devices unit, Smiths Medical, and declared a dividend of 26 pence following robust annual earnings.

The blue-chip was flat with gains in Royal Dutch Shell (LON:) and BP (LON:) being outweighed by weakness in miners Rio Tinto (LON:) and Anglo American (LON:).

The domestically focussed mid-cap index dropped 0.5%, with travel and leisure stocks among the top losers.

In company news, Goldman Sachs (NYSE:)’ Petershill Partners unit traded at 350 pence per share in its debut. Bookrunners had set a price band of 320 pence-380 pence per share.

Shares of Ferguson Plc gained 1.7% after the plumbing parts distributor reported higher annual profit.

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