British equities slip on higher yields, financials drag

By Shubham Batra and Khushi Singh (Reuters) -London stocks started the year on a sombre note, weighed down by losses in the financial sector and as UK government bond yields climbed to two-weeks high. The blue-chip FTSE 100 fell 0.2% on Tuesday, after hitting an over seven-month high earlier in the session, while the mid-cap FTSE 250 index was down 0.9%. Yields on the benchmark 10-year