London stocks close flat as mining shares offset industrials weakness

Jan 26 (Reuters) - London shares closed little changed on Monday as gains in mining and healthcare stocks offset weakness in industrial shares, with investors looking ahead to the U.S. Federal Reserve's policy decision later this week.

The blue-chip FTSE 100 index .FTSE was almost flat, while the mid-cap index FTSE 250 .FTMC rose 0.2%.

Industrial shares .FTNMX502050 weighed most heavily on London markets, falling 1.6%, while travel and leisure stocks .FTNMX405010 dropped 1.2%.

Budget carrier Wizz Air WIZZ.L has sought U.S. approval to operate flights between the UK and the U.S., seeking to tap the lucrative transatlantic market. Its shares were down 1.4%.

The cautious tone reflects continued investor apprehension following last week's turmoil sparked by U.S. President Donald Trump's Greenland-linked tariff threats against Britain and other European nations.

While the threat has since been withdrawn, investors continue to weigh the long-term implications for global trade if tariffs become a standard bargaining tool.

On the bright side, precious metal miners .FTNMX551030 hit record highs, gaining 5.4%, while industrial metal miners .FTNMX551020 climbed 1.4%, buoyed by optimism over the broader commodities outlook and fresh peaks in precious metals prices.

Healthcare stocks .FTNMX201030 also advanced 1.1%, with AstraZeneca AZN.L and GSK GSK.L rising more than 1% each.

Banking stocks .FTNMX301010 traded 0.8% higher. HSBC HSBA.L and NatWest NWG.L are set to follow their European rivals in lifting key profit targets when they report annual earnings in the coming weeks, according to people close to the matter.

On the economic front, Britain's economy has shown signs of recovery since finance minister Rachel Reeves' annual budget statement in November, following months of uncertainty for employers and households.

Investors were also focused on the Fed's policy decision later this week. While the U.S. central bank is expected to hold interest rates steady, concerns about its independence are likely to take centre stage.

Among other movers, private hospital group Spire Healthcare SPI.L jumped 17.9% after announcing it is in early-stage talks with several buyout firms, including Bridgepoint BPTB.L and Triton Partners, to explore strategic options.

Bridgepoint shares were down 2.3%.

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