| FTSE falls on Friday 30 Jul 2010 - 15:42 | << Back |
According to Reuters, London's leading stock exchange had fallen 29.05 points - 0.6 per cent - during the last morning session of the week to leave it at a level of 5,284.90.
This represents a continuation from yesterday's performance, when the market eventually slipped 0.1 per cent despite being 38.00 points up at lunchtime.
Falling crude prices were the main driver behind the market's poor showing today, as the energy sector suffered the knock-on effects of this. Oil heavyweight BP shed 1.4 per cent from its price, while mining firms BHP Billiton and Xstrata were also down by 1.5 and 1.3 per cent respectively.
Peer Vedanta also dropped by one per cent due to negative output figures, while Anglo American lost 0.5 per cent.
However, some companies did make gains this morning, such as British Airways which was up by 2.6 per cent.
