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 | 12:36pm 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 0.2% to close at 6,318.19, partly erasing a 1% gain from last week.

Shares of Vodafone Group PLC (>> Vodafone Group plc) lost 0.6%, 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 0.5%.

Shares of Anglo American lost 2.8%, after the miner said a total of 12 workers and security personnel were injured with rubber bullets 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 1.3% and Rio Tinto PLC (>> Rio Tinto plc) gave up 0.6%.

Shares of BP PLC (>> BP plc) lost 0.7%, tracking oil prices lower.

International Consolidated Airlines Group SA (>> International Consolidated Airlines Grp) fell 1.6%, 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 1.4%, Barclays PLC (>> Barclays PLC) slipped 0.3% and HSBC Holdings PLC (>> HSBC Holdings plc) nudged 0.1% lower.

Shares of Reckitt Benckiser Group PLC gained 0.3%. The consumer-products firm said it would start buying back as many as six million ordinary shares, representing about 0.8% of the current share capital.

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

React to this article
Latest news
Date Title
10:17p NORFOLK SOUTHERN : THIRD HOUSE: Sen. Yoder says stopped trains are a problem statewide
10:01p FIVE BELOW SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL : Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Five Below, Inc. - FIVE
09:52p 3M : Full disclosure: Another toxic villain rides into the sunset
09:50p ARCTIC CAT : likely to beat expectations this week (What analysts are saying)
09:39p SINGAPORE AIRLINES : Class of 1977 still on song
09:39p MANCHESTER UNITED : Gunners fired up after City turnaround
09:38p EXPEDIA : to buy rival Travelocity for $376m
09:38p FEDEX : Jury awards $165.5M tied to I-10 crash west of Las Cruces
09:37p ABG SUNDAL COLLIER ASA : Disclosure of shareholdings
09:10p SOUTHWEST AIRLINES : Lubbock airport experienced slight decline in passengers in 2014
Latest news
Advertisement
Hot News 
FXCM : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of FXCM Inc. Stockholders
SAGENTIA : Considering GBP10 Million Cash Windfall To Shareholders
SABLE MINING AFRICA LD : Set To Sign Big Transshipment, Infrastructure Development Deal
LEAPFROG ENTERPRISES : Provides Preliminary Unaudited Fiscal Third Quarter Results
SPACEANDPEOPLE : Expects Profit At Upper End Of Market Expectations
Most Read News
08:53p Redding Record Searchlight, Calif.. Buzz on the Street column
08:34p MICROSOFT : Windows 10 to be free upgrade
08:34p SCIENCE APPLICATIONS : Brokerages Give Average Rating of “Hold” to Science Applications International Corp
08:37p WENDYS : Woman attempts to fend off armed robber with stun gun
08:24p KANSAS CITY SOUTHERN : EDITORIAL: n Topic: Train traps residents nOur View: Officials, company should work together to find cost-effective solution
Most recommended articles
09:05p Japan offers compromise on rice in Asia-Pacific trade talks - Nikkei
08:21pDJIRS GIVEAWAY : Tax-Filing Software
08:18p Bundesbank's Weidmann casts doubt on effectiveness of ECB's quantitative easing
08:17pDJStates That Tax Social Security Benefits
05:55pDJCadillac Head Johan de Nysschen Clarifies Vision for Dealers
Dynamic quotes  
ON
| OFF