By Sruthi Shankar and Shubham Batra
(Reuters) -London stocks rounded off the week on a dour note as investors were disappointed after China failed to announce specific measures to stimulate its economy, while losses in Sainsbury’s pulled the benchmark index lower.
The blue-chip FTSE 100 ended 0.2% higher on Friday, but recorded 0.3% declines for the week, while the midcap FTSE 250 fell around 1% for the week.
Industrial metal miners were down 3.5% for the week, weighed by a fall in base metal prices after top consumer China failed to stimulate its ailing economy with specific fiscal measures.
Sainsbury’s dropped 5.9%, the top decliner on the FTSE 100, after the Qatar Investment Authority looked to sell 306 million pounds ($399 million) worth of shares.
British oil major BP slipped 0.3% after it said weak refining margins would dent its third-quarter profit by up to $600 million.
Stocks took little comfort from data that showed Britain’s…
