FTSE 100 closes down 0.36% as miners reverse early gains
FTSE 100 closes down 0.36% as miners reverse early gains
Friday 12th February 2010
Britain's leading share index closed down Friday as miners reversed early gains and China's central bank announced it was raising banks' reserves requirements.At close of trade, the FTSE 100 was down 0.36 per cent, or 18.33 points, as investors were cautious on the back of poor eurozone GDP figures – which saw no growth for Germany and falls for Italy and Greece.
Having gained well yesterday and today after better than expected results from Rio Tinto, miners were down – Xstrata shed 2.43 per cent, Vedanta Resources 2.35 per cent and Antofagasta 1.72 per cent.
Meanwhile banks also shed, over concerns about Europe's impending reaction to Greece's debt crisis: Lloyds Banking Group lost 3.24 per cent, Barclays lost 2.37 per cent and Royal Bank of Scotland shed 1.95 per cent.
Drugmaker GlaxoSmithKline gained 1.36 per cent, while National Grid was up 2.56 per cent and BT Group 2.17 per cent.
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