The FTSE 100 Index has dropped 13.1 points, or 0.2%, to 6216.7 paced by Reed Elsevier and Vedanta Resource.
Reed Elsevier, owner of the LexisNexis database and the Harcourt educational publisher, has dropped 2.1% to 588p. The company said it expects to reach its target of 5% so-called organic revenue growth and a 10% increase in earnings per share. Vedanta Resources, India's largest producer of copper and zinc, has lost 4.3% to 1,327p. The company said first-half profit quadrupled to $447.6m. That still missed the £486m median estimates of ananlysts. In Japan stocks fell, led by lenders after the Bank of Japan left its key interest rate unchanged today, impeding banks' ability to lift loan r...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
