A new low price for crude oil has pushed oil stocks down today and helped drag the FTSE 100 index an...
A new low price for crude oil has pushed oil stocks down today and helped drag the FTSE 100 index another 33 points down to 4,894 this morning.
Shell is down by 7p to 501.1p, while BP is down 5p at 550.5p.
Utility Severn Trent announced a 12% rise in its net full-year income over the past year, but investors have not reacted positively, pushing the stock down 14p to 770p.
Vodafone has slipped 1.75p or nearly 2% to 95.25p on news its South African subsidiary is planning more capital expenditure.
Despite Abbey National's shock profits warning yesterday, some financial services firms are doing alright this morning, such as Friends Provident and Alliance & Leicester.
Friends is up 2p to 157p after news that it is to acquire the offshore asset management business of Royal & Sun Alliance in a £133m deal.
Alliance & Leicester is up 14.5p to 846.5p although there is no specific newsflow driving that stock.
Prudential is up 7.5p to 609.5p after yesterday's news that the EU is to make it easier to sell cross-border insurance products.
The FTSE 250 index is being driven - up 4 points to 5,964 - by holiday bookings today as First Choice puts on 5.5p to 114p after announcing forward summer and winter bookings picked up after Easter.
The Electra Investment Trust has added 20.5p to 651.5p after announcing its first half net asset value fell 8% after it closed fewer investment deals.
Results were also behind the jump in Jarvis shares, up 9.5p to 333p after it said profit doubled in the past year as the order book swelled with government outsourcing projects.
Marconi leads the mid-cap losers with a near 4.5% or 0.3p drop to 6.8p.
Last night the Dow Jones Industrial Average index gained 55.73 points to 9,645.40, the Nasdaq Composite dropped 4.79 to 1,530.69, while Tokyo's Nikkei 225 index gained 79.23 to 11,449.44.
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