The benchmark FTSE 100 index closed down another 1% today to 4,428.7 led by declines in the mining industry, as there are further concerns the recent oil price increase will slow economic growth and hurt profits.
Rio Tinto, one of the world's largest mining companies, lost 32p to 1,250p while its rival Anglo American, another miner, shed 26p to 1,111p. BHP Billiton also fell 9.5p to 452.5p. While Thursday turned out to be a gloomy day for mining companies, the European airline industry did not perform much better either. British Airways, declined 5.75p to 257.25p while its cheaper rival EasyJet dropped 8.75p, or 4%, to 208p. Bradford & Bingley, the mortgage lender, lost 8p to 275.75p after Morgan Stanley cut its share-price forecast by 16% to 247p. BT Group rose 5.25p to 178.75p after the ...
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