The FTSE 100 index dropped 72 points, or 1.2%, to hold just above 6,010 points today, led by nerves ahead of rate decisions tomorrow and a weak start on Wall Street.
Anglo American fell 1.54% to £23.69, BP declined 1.60% to 677p and BG Group dropped 2.36% to 745.5p. Kazakhmys fell 3.77% to £11.49 after it said copper production was lower during the first quarter after a series of disruptions. Satellite broadcaster BSkyB also slid 2.27% to 517.5p after reporting it added 40,000 subscribers in the third quarter, slightly below consensus forecasts. Meanwhile, Resolution, the UK’s biggest closed life fund consolidator, leapt 5.16% to 662.5p on reports it is in talks to acquire £29bn of closed life fund assets owned by Abbey in an estimated £4bn deal. ...
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