FTSE slips on falling oil price

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 ...