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(ADVISORY- Reuters plans to replace intra-day European and UKstock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for moredetails)
* FTSE 100 index down 1.2 pct
* Miners track metals prices lower
* Wolseley falls after results
* Brexit worries weigh on housebuilders
By Kit Rees
LONDON, June 1 (Reuters) - Britain's top share indexretreated from a one-month high on Wednesday, with Wolseley's slumping after poor results and commodities-relatedstocks mirroring a sharp drop in metals and crude oil prices.
The blue-chip FTSE 100 index was down 1.2 percent at6,153.92 points by 1316 GMT, a day after hitting its highestlevel since late April.
The UK mining and energy indexesfell 2.7 percent and 1.2 percent respectively after metalsprices dropped following weak factory data from China andEurope, and oil fell on concerns that major oil producingnations will not take any action to cut output.
"Today's losses come after a raft of mixed data from acrossthe globe. A more prominent bearish sentiment is nowoverpowering the hitherto bullish dominance that had ushered usto recent highs," said Mike van Dulken, head of research atAccendo Markets.
Shares in mining companies Rio Tinto, Antofagasta and Anglo American fell 3.7 to 4.6 percent,while oil majors BP and Royal Dutch Shell fell2.1 percent and 0.6 percnt respectively.
British heating and products supplier Wolseley wasset for its biggest daily loss in eight months, dropping nearly6 percent, after the company reported a slowdown in revenuegrowth for the third quarter, reflecting subdued demand in somemarkets.
The firm said that, as a result, it would accelerate itsrestructuring in Britain and Europe.
"Investors here are focusing on the short term slowdown fordemand that the company reported in this morning's update,rather than the overall progress that's being made despite thedeflationary headwinds," Tony Cross, market analyst at TrustnetDirect, said in a note.
British housebuilders were also in negative territory, withanalysts citing Tuesday's ICM poll which indicated that Britishvoters were leaning towards a vote to leave the European Unionin a June 23 referedum.
Shares in Persimmon, Berkeley Group,Barratt Developments and Taylor Wimpey fellbetween 2.7 percent to 3.6 percent.ADVISORY- Reuters plans to replace intra-day European and UKstock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia formatfrom 0600 London time through the 1630 closing bell, it willinclude the best of our market reporting, Stocks Buzz service,Eikon graphics, Reuters pictures, eye-catching research andmarket zeitgeist. Breaking news and dramatic market moves willcontinue to be alerted to all clients and we will continue toprovide a short opening story and comprehensive closing reports.
If you have any thoughts, suggestions orfeedback on this, please email mike.dolan@thomsonreuters.com.
Mike Dolan, Markets Editor EMEA.
(Additional reporting by Atul Prakash)
