|
|
Article: Footsie back on a downer as miners take a drubbing
- Article from:
- The Evening Standard (London, England)
- Article date:
- February 20, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
|
AFTER a single day's rally, the sell-off has started again. The
FTSE 100 managed to break its five-day losing streak yesterday with
a half-hearted rise, but today it returned to familiar territory
with renewed vigour.
After heavy losses in the US and Asia overnight, the benchmark
index dived 91.70 points to 3926.67, giving a miserable ending to a
week the markets would rather forget. With only three stocks not in
the red, London's top 100 shares lost Pounds 21 billion of their
value.
Miners were largely to blame, getting a hammering in response to
a miserable set of results from Anglo American.
The company was the Footsie's biggest dud, plunging 148p to
1088p.
With zinc prices lingering near ...