FTSE 100 down marginally in early trade on Thursday
FTSE 100 down marginally in early trade on Thursday
Thursday 18th February 2010
Britain's leading share index the FTSE 100 was down marginally in early trading today as mining gains were reversed.The index was 0.73 points lower at 09:30 GMT, or 5,275.01; as miners and banks weighed down on the FTSE but shares in BAE soared.
Ian King, chief executive BAE Systems said following the 2009 preliminary results: "BAE Systems has again delivered a strong set of financial results. Our well-defined and proven global strategy is serving the business and our shareholders well."
An announcement from the defence firm this morning saw its full year results beat market forecasts, seeing it rise to the top of the gainers on the share index adding 1.29 per cent.
Miners retreated this morning, following gains earlier in the week; Rio Tinto losing 1.43 per cent, Antofagasta 1.19 per cent and Vedanta Resources, which today saw shareholders at the Joseph Rowntree Charitable Trust sell £1.9 million in shares following a human rights probe, fell 1.08 per cent.
BT Group was the biggest faller on the FTSE 100, shedding 3.33 per cent.
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