* FTSE falls 0.5 percent, weighed by weaker commods
* BoE says UK economic outlook uncertain
By David Brett and Nia Williams
LONDON, Nov 10 (Reuters) - Weak commodity stocks pushed
Britain's top shares lower on Wednesday, following falls
overnight on Wall Street and in Asia as downbeat import data
from China dampened sentiment.
By 1213 GMT the FTSE 100 <> was down 29.05 points, or
0.5 percent, at 5,846.14. It closed up 0.4 percent at 5,875.19
on Tuesday, having briefly broken through the 5,900 level for
the first time since June 6, 2008, earlier in the session.
"There was a bit of dollar strength overnight and in the
Asian market which put gold off its highs and copper as well.
Mining stocks are moving down in line with metals," Will Hedden,
sales trader at IG Index, said.
Commodity-linked assets <.FTNMX1770> <.FTNMX0530> paused
following recent strong gains, which have been spurred by
soaring metal and crude prices, with weak Chinese import data
also weighing on the sectors. []
Miners alone put on nearly 8 percent in the last week
following the U.S. Federal Reserve's announcement of further
quantitative easing.
Platinum miner Lonmin <LMI.L> was the biggest FTSE faller,
down 2.9 percent while gold miner Randgold Resources <RRS.L>,
which climbed sharply on Tuesday after third-quarter results,
fell 2.7 percent.
Energy firms also fell following recent gains, with crude
<CLc1> down 0.3 percent. Oil majors BP <BP.L> and Royal Dutch
Shell <RDSa.L> fell 1.4 and 1.3 percent respectively.
UK OUTLOOK UNCERTAIN
The Bank of England said there was uncertainty among its
Monetary Policy Committee on the economic outlook for the UK.
British inflation will fall below target in two years' time,
the BoE forecast on Wednesday, but stressed the outlook was
highly uncertain and it stood ready to change policy in either
direction. []
"Inflation will be more of an issue next year but if you see
more wavering among MPC committee members and other people
starting to vote for interest rate rises or more QE you might
expect a bit more volatility in the market," IG's Hedden said.
Aero-engine maker Rolls-Royce <RR.L> fell 0.9 percent after
Singapore Airlines <SIAL.SI> said it will replace engines on
three of its Airbus A380 planes after finding oil stains on
them, almost a week after Australian rival Qantas <QAN.AX>
grounded its A380 fleet due to an engine failure.
[]
And a Boeing <BA.N> 787 test flight made an emergency
landing on Tuesday in Texas with smoke in the cabin, the first
incident of its kind, putting additional scrutiny on the already
delayed program. []
"Boeing says it is not engine problems but it isn't good for
(Rolls Royce's) reputation," a London-based trader said.
Supermarket group J Sainsbury <SBRY.L> shed 1 percent,
handing back some of its recent gains, after meeting first-half
profit forecasts. []
On the upside, Britain's second-largest electricity
generator Scottish and Southern <SSE.L> climbed 4.7 percent
after reporting half-year results and raising its dividend. BofA
Merrill Lynch upgraded its stock to a "buy" rating.
Essar Energy <ESSR.L> rose 0.7 percent after announcing it
was enhancing capacity by 2 million tonnes at its Vadinar
refinery in India, in addition to the 18 million tonnes that
will be achieved post Phase I expansion.
BAE Systems <BAES.L> gained 4.3 percent after Investec
reiterated their "buy" recommendation following a bullish
investor day.
(Additional reporting by Nia Williams; Editing by Erica
Billingham)
