Investors were far from wowed by lowering profits and company expansions, forcing the FTSE 100 to lo...
Investors were far from wowed by lowering profits and company expansions, forcing the FTSE 100 to lose vital ground again. Old Mutual, the South African insurer, created one of the largest falls today as it announced first-half profit dropped 16% and expansion outside the domestic market cost the firm $3 billion. BP also fell after JP Morgan Chase & Co. said sluggish growth may damp demand for crude,. Pushing the FTSE 100 index down 100.80 points, or 2.3% by close of trading to 4221.60. BAA dropped 19p, or 3.5%, to 522.5p, even though the biggest airport operator said the num...
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