FTSE dips slightly before weekend away
FTSE dips slightly before weekend away
Friday 22nd January 2010
The aftershocks of Barack Obama's banking reforms failed to dent the FTSE 100 too badly on Friday as it closed slightly down.At close of play the leading share index was down 32.11 points, or 0.60 per cent, to 5,302.99.
Leading the charge were miners rebounding after demand concerns in China forced them down earlier in the week.
Xstrata was the biggest winner, rising 2.37 per cent, while Eurasian Natural Resources Group (1.70 per cent), Kazakhmys (1.09 per cent) and Anglo American (0.70 per cent) all rose during the day.
On the flipside, market information group ICAP shrunk 6.58 per cent, while Barclays felt the full force of President Obama's plans to limit the size and scope of US banks, falling 4.12 per cent.
BSkyB meanwhile slipped 2.86 per cent in continued fallout from its failed challenge to the government's decision to reduce its stake in ITV.
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