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FTSE 100 down 1.0 pct

January 27, 2014

LONDON , Rabi'I 26, 1435, Jan 27, 2014 , SPA -- Britain's FTSE 100 slipped to fresh 5-week lows on Monday, underperforming its European peers due to steep slumps in heavyweight mobile operator Vodafone and oil and gas firm BG Group , Reuters reported. Vodafone , the third biggest company in the FTSE 100, fell 6.4 percent after U.S. mobile operator AT&T said it was not planning to take over the British-listed firm, thus putting an end to months of speculation. That drop alone took 27 points off the British blue-chip index, while BG Group contributed another 22 points of the drop. The FTSE 100 was down 66.97 points, or 1.0 percent at 6,496.77 points by 0841 GMT , sharply underperforming a flat showing on euro zone's EuroSTOXX 50. The drop in the FTSE - following on from a 2.4 percent fall last week - took the index down to fresh 5-week lows, and past technical support at the 100-day moving average. ! LONDON , Rabi'I 26, 1435, Jan 27, 2014 , SPA -- Britain's FTSE 100 slipped to fresh 5-week lows on Monday, underperforming its European peers due to steep slumps in heavyweight mobile operator Vodafone and oil and gas firm BG Group , Reuters reported. Vodafone , the third biggest company in the FTSE 100, fell 6.4 percent after U.S. mobile operator AT&T said it was not planning to take over the British-listed firm, thus putting an end to months of speculation. That drop alone took 27 points off the British blue-chip index, while BG Group contributed another 22 points of the drop. The FTSE 100 was down 66.97 points, or 1.0 percent at 6,496.77 points by 0841 GMT , sharply underperforming a flat showing on euro zone's EuroSTOXX 50. The drop in the FTSE - following on from a 2.4 percent fall last week - took the index down to fresh 5-week lows, and past technical support at the 100-day moving average. --SPA 13:36 LOCAL TIME 10:36 GMT All Rights Reversed for Saudi Press Agency Provided by Syndigate.info , an Albawaba.com company


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Source: Saudi Press Agency (Saudi Arabia)


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