UK equities move higher after US GDP reading

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Source: Dukascopy Bank SA
© Scanpix/Reuters
UK shares retreated on Friday after news that US economy grew more than expected in Q3. However, persistent concerns that companies' profits deteriorated last quarter  created heavy pressure on the UK equities. The FTSE 100 Index gained 0.07% to trade at 5,809.12. Five out of ten sectors within the index advanced. The top-performers were basic materials and oil and gas firms. Anglo American, Antofagasta and Eurasian Natural Resources soared 4.01%, 0.71% and 0.45%, respectively. Shares of Royal Dutch Shell and BP jumped 0.46% and 0.43%. On the downside, technology and financials lost 0.60% and 0.35%. Lloyds Banking Group, HSBC Holdings and Barclays tumbled 0.74%, 0.57% and 0.32%, respectively.


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Fri, 26 Oct 2012 17:45:52 GMT

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