FTSE falls flat on base rate decision

The FTSE 100 index is currently down a fraction at 6,237, after BT Group announced Q2 profit rose 28% and net income climbed £475m in the three months to Sept 30th, on the back of broadband internet sales and computer networking contracts, which both offset the reducing sales of traditional voice calls. While this appears to be better than analysts anticipated, investors are still selling the shares, and BT Group is down 7.5p or 2.57% to 284.25p. Mining stocks are also dropping – Xstrata and Kazakhyms seeing the worst of the losses – but in contrast, power companies are again making gai...