British stocks dropped on Wednesday, with the benchmark FTSE 100 Index down by 0.25 percent, or 18.56 points, to close at 7,503.47 points.

Fresnillo, a Mexican-based precious metals mining company, soared 2.75 percent, the top gainer of the blue chips. Tesco and Kingfisher increased by 2.16 percent and 2.09 percent, respectively.

The British industrial equipment rental company Ashtead Group was the worst performer in the blue chips, with its shares losing 3.82 percent.

The Irish building materials business CRH dropped 3.48 percent. British Land, a property development and investment company, fell 3.34 percent.