FTSE 100 slips in early trading
FTSE 100 slips in early trading
Wednesday 22nd July 2009
The FTSE 100 was down today in early trading, as traders put a lid on recent steam.At 09:11 BST, the index dropped 0.13 per cent to 4,4,475.22 - a loss of 5.95 points.
The wind was taken a little out of the market's sails as economic forecasts were published showing the UK may have a tough time edging out of the recession.
Leading the gains was TUI Travel – up 1.78 per cent – after recent drops.
Scottish & Southern Energy rose 1.26 per cent after reports the energy provider was in final talks to buy Welsh Power's coal-fired plant at Uskmouth.
Defence utility bed-fellows National Gird and BG Group were up 1.16 per cent and 1.05 per cent respectively.
Meanwhile, the miners lost some of their recent heat.
Lonmin dropped 3.75 per cent, Kazakhmys fell 3.17 per cent and Eurasian dropped 2.94 per cent.
London Stock Exchange was down 3.37 per cent and Standard Life dropped 3.28 per cent.
Last night in the US, the Dow Jones closed up 0.77 per cent, while the S&P 500 rose 0.36 per cent.
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