In the UK the benchmark FTSE 100 Index has lost 0.9% to 5445.6 as stocks declined, paced by mining and energy companies including BHP Billiton and Royal Dutch Shell.
BHP, the world's biggest mining company, has dropped 32p, or 3.6%, to 860.5p. Shell, Europe's second-biggest oil company, has lost 21p, or 1.2%, to 1,813p in morning trading while BP, the largest oil company, has also declined 11.5p, or 1.8%, to 644p. PartyGaming, the online-poker operator that sold $1.9bn of stock in a June initial public offering, lost 2.75p, or 2.9%, to 91p. Analysts have this morning advised investors to reduce holdings of the stock, and have cut their forecast for the share price by 43% to 100p. British Airways has slipped 2.25p, or 0.8%, to 293.75p after Europe's ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes