The Bank of England today announced another hike in interest rates on concerns UK's strengthened economy could trigger inflation.
While the base rate increased by a quarter point to 4%, the benchmark FTSE 100 ended the day down 14.1 points at 4,384 led by Shell Transport & Trading.
The company fell 7.5p to 358p after Royal Dutch/Shell Group, in which Shell Transport & Trading holds a 40% stake, said fourth-quarter profit fell 33% because of the cost of shutting a plant and writedowns.
In the US, the Dow Jones Industrial Average index is currently down 2.45 points to 10,468.29 and the S&P 500 index is also down 1.82 points to 1,124.70.
And the Nasdaq Composite index has so far gained 0.84 points to 2,014.98.IFAonline
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets