In the UK the FTSE 100 Index of leading shares slipped 31 points, or 0.6%, to 5344.10 paced by energy companies including BP and BG Group as oil traded near a three-week low.
BP, Europe's biggest oil company, lost 9.5p, or 1.5%, to 629.5p. BG, the UK's third-biggest oil company, slid 12.75p, or 2.5%, to 504.75p. Oil fell to a three-week low in New York yesterday, losing 1.2% to $63.34 a barrel. Crude oil for October delivery was recently trading at $63.46 in after hours trading on the New York Mercantile Exchange. Shares of Smith & Nephew tumbled 26p, or 4.8%, to 517.5p, after Europe's largest seller of orthopedic devices cut its full-year revenue forecast. Underlying orthopedics sales will probably increase 17% this year compared with an August forecast o...
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