In London, markets fell over further bad news regarding the economy, including the Chancellor making dire predictions of a tough recession, and the FTSE 100 dropped 33.8 points (0.6%) to 5,602.8.
British Airways shares climbed as oil prices fell, up 10.75 (4.28%) to 261.75p, while Royal & Sun Alliance added 5.9p (3.91%) to 156.7p. Miners were hit after commodity prices fell, with Kazakhmys falling 75p (5.8%) to £12.17, while Cairn Energy lost 168p (5.64%) to £28.10. US markets were closed for a public holiday. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline
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