The FTSE 100 Index closed down 21.60 points to 4,408.10 today as UK stocks declined, led by losses made by media company British Sky Broadcasting Group.
BSkyB lost 83p, or 14%, to 519p after the pay-television company said its fourth-quarter net income dropped 49% to £79m. ITV also shed 4.75p to 98.5p. Travel stocks also fell as concern grew some oil producers have limited potential to compensate for disruptions to supply. British Airways lost 5.75p to 223.75p, and Carnival, a cruise operator, shed 56p to 2601p. Aviva declined 21.5p to 543p after the insurer reported first-half net income dropped 28% to £379m. Imperial Tobacco Group rose 5p to 1,199p after Citigroup Inc. advised investors to buy the tobacco company’s stock. ...
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