Britain's FTSE knocked by Next and resources stocks

(ADVISORY- Reuters plans to replace intra-day European and UK stock 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 more details)

* FTSE 100 down 1 pct

* Next (Other OTC: NXGPF - news) slumps on gloomy outlook

* Miners, oil stocks track commodities prices

* Mid-cap Renishaw (Other OTC: RNSHF - news) falls after cutting forecast

By Kit Rees

LONDON, March 24 (Reuters) - UK shares fell on Thursday as investors dumped shares in British retailer Next and a decline in commodities prices put pressure on mining companies and oil majors.

Although it met its latest profit guidance, Next plunged nearly 9 percent after warning that 2016 could be its toughest year since 2008, as it anticipated a more difficult economic environment.

"Their results were ok but their forward outlook isn't so great. Being a growth company that's highly leveraged as well, the minute it turns south, it turns south aggressively," Manoj Ladwa, head of trading at TJM Partners, said.

The stock is set for its biggest daily loss since December 2008.

The FTSE 100 index was down 1 percent at 6,135.08 points by 0908 GMT, in line with the broader European market.

A fall in commodity-related stocks also put pressure on the blue-chip index, with the mining sector dropping 3.8 percent and the oil and gas index down 1.7 percent as the prices of metals and oil waned.

A rise U.S (Other OTC: UBGXF - news) . crude stockpiles to another record weighed on oil prices, threatening their recent rally.

British oil majors BP and Royal Dutch Shell (Xetra: A0ET6Q - news) fell 1.4 percent and 1.8 percent respectively.

A higher dollar sent copper prices lower after a U.S. Federal Reserve official said on Wednesday that the central bank should consider an interest rate hike as early as next month.

Miners Anglo American, Glencore (Xetra: A1JAGV - news) , Rio Tinto (LSE: RIO.L - news) , Antofagasta (Other OTC: ANFGY - news) and BHP Billiton (NYSE: BBL - news) all fell bewteen 3.3 percent and 6.4 percent as dollar-priced metals became more expensive for holders of other currencies.

Schroders (LSE: SDR.L - news) , Prudential (SES: K6S.SI - news) and Sky (LSE: BSY.L - news) all fell after going ex-dividend, taking around 5 points of the FTSE 100.

Among mid-caps, precision engineer Renishaw plummeted over 12 percent after cutting its full-year outlook, citing a lack of large orders from the Far East (Kuala Lumpur: 5029.KL - news) this year.

ADVISORY- Reuters plans to replace intra-day European and UK stock 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 format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA.