FTSE 100 Tumbles Amid Rio Tinto Slide and US-Iran Tensions

London's FTSE 100 index fell from recent highs, prompted by Rio Tinto's disappointing earnings and global tension concerning U.S.-Iran relations. The index dropped 0.5%, while Rio Tinto shares slid 3.6%. Simultaneously, British Gas owner Centrica saw a 5.1% drop due to profit warnings.

London's primary stock index, the FTSE 100, recorded a decline from previous record highs on Thursday, following a disappointing earnings report from mining giant Rio Tinto, which missed analyst expectations. This was against a backdrop of heightened global tension between the U.S. and Iran.

The blue-chip index fell by 0.5% after achieving record highs on two consecutive days. Rio Tinto's shares plunged 3.6% after the company announced flat annual earnings, with strong copper division performance failing to offset weaker sales in their iron ore division.

Additionally, the dollar's strength, along with rising inventories and reduced Chinese demand due to Lunar New Year, pressured other London-listed miners. Meanwhile, Centrica, owner of British Gas, was the FTSE 100's biggest loser, sliding 5.1% amid warnings of missed profit forecasts and a suspended share buyback program.

(With inputs from agencies.)