In London, share prices moved upwards as markets opened this morning, though the index is volatile following signs of economic weakness in the US.
The FTSE 100 added 12.99 points (0.26%) to 5,092.26 by around 8.15am. Imperial Tobacco continued to push forward after revealing profits for the year are likely to be in line with expectations, up 1.06% to £18.14. However, natural resources firms were hit as new housing figures cast doubt on the US economic recovery, which could reduce demand. Eurasian Natural Resources lost 3.14% to 849.5p, while Fresnillo dropped 1.69% to 757p. Petrofac, a major supplier to the oil and gas sector, saw its shares drop 1.74% to 958p. Shares fell on Wall Street yesterday as signs of weakness in ...
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