The FTSE 100 Index has slipped 3.1 points, or 0.1%, to 5798.50 points this morning, even though almost twice as many stocks have risen as have declined.
Royal Dutch Shell has led the declining shares, retreating 35p, or 1.8%, to 1,876p. The company says fourth-quarter earnings have slipped 4% to $4.4bn and it has announced a smaller-than-expected share buyback as it seeks new deposits. Rio Tinto has gained 29p, or 1%, to 2,946p. The mining company has pledged to return $4bn to shareholders after second-half net income surged 78% to $3bn on soaring copper, iron ore and aluminum prices. Eurotunnel SA has added 2.25p, or 8.2%, to 29.75p, as it agrees to an "outline" of debt restructuring with a group of creditors and wants an extension of...
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