UK shares lower prior ECB and BOJ announcements

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Source: Dukascopy Bank SA
U.K. shares inched lower on Wednesday, as investors sat on the side-lines before tomorrow's ECB and BOJ announcements. In addition, weak data on U.S. manufacturing activity put a lid on the shares. The FTSE 100 Index retreated 0.8%, or 53.22 points, to 6,440.21 at 16:53 in London. 75 out of 101 blue chip companies posted losses, while only utility and tech shares edged higher.  Telecommunications fell the most among all 10 groups on Footsie, as mobile operator Vodafone slumped 2.2% after Verizon Communications said it does not aim at making an offer to the company. Financials were under pressure, as Standard Life, an insurance group, erased 6% on investors' dissatisfaction with doubling the salary of the insurer's CEO in the nearest time. Evraz Plc led losses in basic materials group by plunging 7.1%. John Wood Group was the top performer with a 2% rise to end at 882 pence.


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Wed, 03 Apr 2013 16:33:06 GMT

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