UPDATE 2-UK stocks under pressure from weak data on the economy

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* PMI spirals down in January
* UK retail sales down more than expected
* Cineworld down as Bond movie rescheduled
* FTSE 100 sheds 0.3%, FTSE 250 off 1.0%

(Updates to market close, adds analyst comments)
By Shivani Kumaresan
Jan 22 (Reuters) - London-listed shares fell on Friday as
data showed UK business activity declined sharply in January due
to severe curbs imposed to stem coronavirus infections, while a
dip in oil and copper prices hit energy and mining stocks.
A preliminary IHS Markit/CIPS composite Purchasing Managers'
index (PMI) fell to 40.6 in January, down from 50.4 in December,
with services companies in Britain hit the hardest. "The longer these lockdowns continue, the more painful it
will be and the more longer-term the damage will become," said
Craig Erlam, senior market analyst at OANDA.
Another set of data showed British retailers struggled to
recover in December from a lockdown the previous month, marking
a weak end to their worst year on record.
The domestically focused mid-cap FTSE 250 index .FTMC shed
1%, while the FTSE 100 index .FTSE fell 0.3%, marking its
second straight week of losses.
A slide in the pound checked losses in the exporter-heavy
FTSE 100, but oil majors BP BP.L and Royal Dutch Shell
RDSa.L and miner Anglo American Plc AAL.L were under
pressure from weakness in commodity prices due to worries that
new pandemic restrictions in China would curb demand. O/R
The FTSE 100 has recorded consistent monthly gains since
November, supported by hopes of a vaccine-led recovery, but it
has recently underperformed its U.S. and European peers, which
have been boosted by hopes of more U.S. stimulus.
Meanwhile, the number of new COVID-19 infections in Britain
is estimated to be shrinking by as much as 4% a day, a sharp
reversal in the trajectory of the pandemic. In company news, cinema chain Cineworld Plc CINE.L fell
4.7%, after the global release of the James Bond movie "No Time
to Die" was postponed to October from April.