Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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
11:46aDJBULLARD INTERVIEW TRANSCRIPT : Market Volatility Hasn't Changed U.S. Economic Outlook
11:42a DANIEL LOEB : Third Point's Loeb says Suzuki should cancel shares it buys back from VW
11:41aDJMESTER INTERVIEW TRANSCRIPT : Fundamental View on -2-
11:41aDJMESTER INTERVIEW TRANSCRIPT : Fundamental View on Economy Hasn't Changed
11:35a NEW VALUE : TRICAST Secures in Funding Led by Brook Venture Partners and Blue Heron Capital
11:33a ENI : Italy's Eni says it has found 'supergiant' gas field off Libya; biggest in the Mediterranean
11:26a UNGA : Egyptian Cultural Club opens in New York coinciding with Egypt's participation at UNGA
11:26a JUVENTUS FOOTBALL CLUB : Roma v Juventus: Serie A – live!
11:26a CUPE Ontario's education workers plan job action for beginning of school year
11:21a PHILIPPINE NATIONAL BANK : Cuneta Astrodome post losses in last 4 years -- COA
Latest news
Advertisement
Hot News 
OPPORTUNITY INVEST MGMT : 28 augustus 2015 - PRESS RELEASE: Announcement OIM 28 August 2015
MOLYCORP : Massive Mojave mine Molycorp to close, taking nearly 500 jobs
CHALLENGER ACQUISITIONS : Says It Is Focused On Integrating Starneth
MAVEN INCOME & GROWTH VCT : 4 Net Asset Value Total Return Rises
EUROCONSULT : 1,400 Satellites Projected to Launch Over Next Decade
Most Read News
08/29 NINTENDO NEWS : Xenoblade Chronicles X Special Edition Launches on Dec. 4
06:06a Volkswagen Launches Cultural Engagement Initiative in China With Opening of the Rain Room Exhibition in Shanghai
01:06a NIOC NATIONAL IRANIAN OIL : UKs Oil and Gas Giant Expresses Readiness to Return to Iran
05:47a TWi Pharmaceuticals President & CEO Ms. Tina Guilder will resign from her current roles and Chairman Dr. Chih-Ming Chen will become interim President & CEO, leading the Company in its continued efforts to develop high-entry-barrier generics for the U.S. market
01:05a Scott Dunn announce AED 3 million refurbishment of Chalet Eagle's Nest
Most recommended articles
11:46aDJBULLARD INTERVIEW TRANSCRIPT : Market Volatility Hasn't Changed U.S. Economic Outlook
11:42a DANIEL LOEB : Third Point's Loeb says Suzuki should cancel shares it buys back from VW
11:41aDJMESTER INTERVIEW TRANSCRIPT : Fundamental View on -2-
11:41aDJMESTER INTERVIEW TRANSCRIPT : Fundamental View on Economy Hasn't Changed
10:11a Insight - Boeing uses its clout to control supplier consolidation