UK stocks slide on Eurozone's concerns; miners weight

Source: Dukascopy Bank SA
UK shares were mostly lower on escalating worries over the Eurozone's debt crisis as Greece requested a two-year extension to the country's fiscal adjustment plan. Meanwhile, a sharp fall in Lonmin stock price amid persistent violence at its South African mine dragged UK miners lower. The FTSE 100 Index lost 0.28% to trade at   5,830.10  at GMT 12:00. Five out of ten industries within the index inched up. The biggest gains posted technology firms, with Sage Group rallying 0.56%. Diageo, alcoholic beverage company, also moved higher on news that the company is close to purchase Jose Cuervo for USD3 billion. At the same time, financials were mixed. Royal Bank of Scotland and Barclays added 0.30% and 0.62% whereas HSBC Holdings lost 0.58%. The weakest sectors were basic materials producers. Rio Tinto, Anglo American and Eurasian Natural Resources tumbled 1.61%, 0.44% and 3.49%, respectively. Eurasian Natural Resources remained exposed to a 59% decline in revenues in H1.

 

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Mon, 20 Aug 2012 13:54:45 GMT

U.K. real estate prices decline

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Mon, 20 Aug 2012 13:44:02 GMT

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