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
Recommend:
0

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

Recommend :
0
React to this article
Latest news
Date Title
3m ago NETFLIX : 'Orange is the New Black' author talks Season 3
4m ago Kirby McInerney Announces That a Class Action Lawsuit Has Been Filed on Behalf of Altair Nanotechnologies, Inc. Investors
6m ago VERSO PAPER : shuttering paper mill in Maine
9m ago PG&E : S Smart Grid Delivers Customer Benefits And Improved Reliability
9m ago BLACK DIAMOND : Announces Normal Course Issuer Bid for Its Common Shares Conducted as an Automatic Securities Purchase Plan
10m ago BLACK DIAMOND : Announces Normal Course Issuer Bid for Its Common Shares Conducted as an Automatic Securities Purchase Plan
10m ago BankPlus and FHLB Dallas Present $20K Partnership Grant to the Mississippi Minority Business Alliance
10m ago Timely, Large Scale, Relationship Violence Initiative Launches through Partnership Between Renegade Communications and the One Love Foundation
11m ago MID AMERICA APARTMENT COMMUNITIES : MAA : Announces Date of Third Quarter 2014 Earnings Release, Conference Call
12m ago NEUBERGER BERMAN REAL ESTATE SEC FD : Securities Income Fund Inc. : Announces Partial Leverage Refinancing
Latest news
Advertisement
Hot News 
AVINGTRANS : Profit Up On Acquisitions; Working To Improve Weak Units
SIGMA CAPITAL : GBP65m housing deal for Sigma as it regenerates itself into a developer
RAME ENERGY : is powering ahead
MATICA TECHNOLOGIES : Result of the first half year 2014 (DGAP News)
COOPER STANDARD : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
Most Read News
24m ago JANUS CAPITAL : Pimco Total Return Fund posts record $23.5 billion net outflow in September
21m ago JPMORGAN CHASE : to Present at the Bank of America Merrill Lynch Banking & Financial Services Conference
20m ago APPLIED MICRO CIRCUITS : AppliedMicro Launches 64-Bit ARM-Based Custom Cores for High End Embedded
23m ago SYNCHRONY FINANCIAL : to Announce Third Quarter 2014 Financial Results October 17, 2014
12m ago NEUBERGER BERMAN REAL ESTATE SEC FD : Securities Income Fund Inc. : Announces Partial Leverage Refinancing
Most recommended articles
15m ago ECB to flesh out asset-purchase plan it hopes will buoy euro zone
15m ago BELL ALIANT : agrees to lease network to close Ontera deal
24m ago JANUS CAPITAL : Pimco Total Return Fund posts record $23.5 billion net outflow in September
25m ago FORD MOTOR : GM sees first European profit in 2016 after years of losses
26m ago AGRIUM : forecasts smaller than expected quarterly profit
Dynamic quotes  
ON
| OFF