FTSE drops Tuesday morning
The FTSE 100 share index fell 1.4 per cent on Tuesday morning. By 9:06 am the index ad fallen 72.7 points to 5,331.6.
FTSE gains as metals spur minersBanks were down with Barclays, HBOS, HSBC, Lloyds TSB, Royal Bank of Scotland and Standard Chartered down one to 4.2 per cent.
Oil firms did better with BG Group, BP, Cairn Energy, Royal Dutch Shell and Tullow Oil all rising.
Miners were up with Anglo American, Antofagasta, BHP Billiton, Eurasian Natural Resources, Lonmin, Rio Tinto, Vedanta Resources and Xstrata rising 0.8 to 2.4 per cent. Platinum specialist Johnson Matthey also rose 4.4 per cent.
Telecoms giant Vodafone fell 12 per cent after saying it expected full year revenue to be at the bottom of its predicted range. Enterprise Inns also dropped 8.5 per cent after saying earnings were under pressure from declining beer sales.
- 1 Local private investors could miss an upturn
- 2 BoE expected to hold interest rates steady at 5 pct
- 3 Markets see ECB rates on hold through first half of yr
- 4 Fears of slowdown could veer China into trouble
- 5 BP Russian partners say row solved
- 6 U.S. corporates look to hedge as dollar rebounds
- 7 Utility windfall profits in tax spotlight
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