UK Market: The UK stock market turned lower on Monday, with the blue-chip FTSE100 index losing over 1.5%, hitting its lowest level in over a month. This happened after the Office for National Statistics (ONS) released the GDP monthly estimate for April 2022. According to the data, UK’s GDP declined by 0.3% in April, after dropping by 0.1% in March. For the first time since January last year, all major sectors, including services, production, and construction, contributed negatively to the monthly GDP estimate.
Antofagasta plc (LON: ANTO): The shares of the Chilean mining business, Antofagasta plc, were down by 5.09%, with a day’s low of GBX 1,355.50. Recently, the company announced that its operations at the Los Pelambres deposit in Coquimbo were hampered due to a pipeline leak.
J Sainsbury plc (LON: SBRY): The shares of the second biggest chain of supermarkets in the UK, J Sainsbury plc, were down by 3.61%, with a day’s low of GBX 204.90. Recently, the salary of the company’s CEO has tripled while the UK households are struggling with rising food and fuel bills.