In the UK the FTSE 100 has fallen 55.1 points, or 1%, to 5372.7 at its opening this morning, tracking losses on Wall Street and led lower by BP and Partygaming.com.
Oil giant BP fell 9 points, or 1.9%, after it warned on Tuesday it was unlikely to meet its 2005 production target because of Hurricanes Katrina and Rita. It was also affected by the price of crude oil falling towards $62 a barrel after US government data showed oil demand had dropped below levels a year ago. Signs are emerging that high energy costs are curtailing consumption. Mining stocks also fell, with BHP Billiton and Antofagasta down more than 2%. Investors have been taking profits from the sector after its gains on the back of soaring commodity prices. Online gambling firm,...
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