Selling was the predominant activity on the UK stockmarkets today and the FTSE 100 only managed to p...
Selling was the predominant activity on the UK stockmarkets today and the FTSE 100 only managed to pull back a fraction from the five-month low clocked up this morning. Oil and banking stocks were the bad boys today, after several analysts dropped recommendations on Abbey National and Lloyds TSB, sinking their share prices 3.3% to £10.95 and 3.1 to 792p respectively, and the price of crude oil fell again, largely thought to be because of the new supply available from Iraq. BP suffered yet more losses and fell 3% to 576p after the price of a barrel of crude in June fell 3.3% to $24.9...
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