Signs that banks in the US may soon start charging businesses more to borrow money as the Federal Reserve staves off inflation hurt stock markets around Europe today, sending the FTSE 100 down 29.10 points to 4,539.90 by the close.
Reuters led the route, which ended five days of gains in London, by shedding 24.5p to 390.5p on news its core revenues fell again in the latest reporting period. Mining stocks got sold down, even as Australian-based firms agreed record prices for delivery of thermal coal to the important Japanese market. Antofagasta dropped 57p to 978p, Anglo American shed 63p to 1,229p, and Xstrata fell 28p to 666.5p. Rio Tinto fell 58p to 1,283p after announcing poor weather, including a hurricane forced output of iron ore to fall. Unilever had a good day, closing up 15p at 568.5p after analyst...
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