Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

LONDON MARKETS: Vodafone Weighs On FTSE 100; Miners Drop

02/18/2013 | 10:53am US/Eastern

By Sara Sjolin, MarketWatch

LONDON (MarketWatch)--The U.K.'s benchmark stock index dropped on Monday, with mining firms adding pressure and Vodafone Group PLC on the decline after a new partnership agreement.

The FTSE 100 index fell 0.3% to 6,310.26, partly erasing a 1% gain from last week.

Shares of Vodafone Group PLC (>> Vodafone Group plc) lost 0.5%, as the wireless-telecom firm announced the creation of a strategic five-year partnership with BAE Systems PLC. (>> BAE Systems PLC (ADR)) The deal aims to provide business with advanced communications-security products. Shares of BAE Systems fell 0.6%.

Shares of Anglo American lost 2.3%, after media reports said five workers were shot at an Anglo American Platinum Ltd.'s South Africa mine. Anglo American holds a majority stake in Anglo American Platinum.

Other mining firms also declined, even as most metals prices were on the rise. Shares of Antofagasta PLC lost 1.9%, Vedanta Resources PLC fell 1.8% and Rio Tinto PLC (>> Rio Tinto plc) gave up 1.1%.

Oil prices were lower, adding pressure on U.K. oil firms. Shares of BP PLC (>> BP plc) lost 0.7% and BG Group PLC fell 0.3%.

International Consolidated Airlines Group SA (>> International Consolidated Airlines Grp) fell 1.3%, as its Iberia airline said it would cancel 236 flights during the first of the 15 days its workers are planning to strike.

Banks were mostly lower. Shares of Royal Bank of Scotland Group PLC (>> Royal Bank of Scotland Group plc) fell 1.5%, Barclays PLC (>> Barclays PLC) slipped 0.5% and HSBC Holdings PLC (>> HSBC Holdings plc) nudged 0.2% lower.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news
Date Title
06:13p Chimerix Focusing Efforts on CMV and Adenovirus Pivotal Trials
06:11p BANK OF AMERICA : BRIEF: Ameris Bank to acquire M&S Bank, 18 Bank of America branches
06:11p Fitch Rates Johns Hopkins University's (MD) Revenue Bonds 'AA+'; Outlook Stable
06:10p SMC RECORDINGS : Entertainment, Inc. Provides Corporate Update
06:08p SOCIAL REALITY : Listed as One of the Top 20 Display Partners in Pixalate's Seller Trust Index
06:07p ECB's Praet says QE will help fend off damaging deflation
06:06p ASHFORD HOSPITALITY : NYSE stocks posting largest volume increases
06:06p ASTRO MED : Nasdaq stocks posting largest volume decreases
06:06p DraftTeam Mails Annual General & Special Meeting Materials to Approve Arrangement with Sabre Graphite Corp.
06:05p ADVANCED EMISSIONS SOLUTIONS : Nasdaq stocks posting largest volume increases
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Drought woes spread to another Brazilian state
BERKELEY MINERAL RESOURCES : Obsidian IR
RAMBLER METALS & MINING : Implements Revised Plan at the Ming Copper-Gold Mine
NOSTRUM OIL & GAS : Fourth Quarter and Full Year 2014 Operational Update
GREEN DOT : reports 4Q loss
Most Read News
06:01p PETROCHINA : Shell shelves plans for Arrow LNG project in Queensland
06:01p EXXON MOBIL : updates anti-discrimination employment policy
06:06p ASHFORD HOSPITALITY : NYSE stocks posting largest volume increases
06:05p KOENIG & BAUER : Enhanced productivity and profitability with KBA Service Select
06:05p GOLDEN VALLEY MINES : NUNAVIK NICKEL MINES CLOSES $250,000 PRIVATE PLACEMENT FINANCING GOLDEN VALLEY MINES PURCHASES 800,000 UNITS ($80,000) UNDER PRIVATE PLACEMENT BY NUNAVIK NICKEL MINES more...
Most recommended articles
06:07p ECB's Praet says QE will help fend off damaging deflation
06:02pDJGFI, CME Terminate Merger Agreement -- 2nd Update
06:01pDJRussia Cuts Interest Rates -- 3rd Update
05:55p GBP/USD Preserves Bearish Momentum Ahead of BoE Meeting
05:51pDJMexico to Cut Planned Spending -- Update
Dynamic quotes  
ON
| OFF