News Column

FTSE retreats

February 21, 2014



LONDON, Rabi'II 20, 1435, Feb 20, 2014, SPA -- Britain's top shares lost ground on Thursday, led down by BAE Systems on a forecast earnings decline, while data showing a drop in China's factory activity knocked the miners, Reuters reported.

The mood was also darkened by minutes of the U.S. Federal Reserve's latest policy-setting meeting, which indicated that the central bank would keep trimming its bond-buying stimulus unless there were a significant economic surprise.

The UK blue-chip index was down 43.98 points, or 0.7 percent, at 6,752.73 points by 0851 GMT, trimming its rally since an early February low to around 5 percent.

This leaves the index nearly 2 percent shy of a peak hit in late January, before political and economic concerns in emerging markets took their toll on equities.

Miners exerted the most downward pressure on the index.

 

! LONDON, Rabi'II 20, 1435, Feb 20, 2014, SPA -- Britain's top shares lost ground on Thursday, led down by BAE Systems on a forecast earnings decline, while data showing a drop in China's factory activity knocked the miners, Reuters reported.

The mood was also darkened by minutes of the U.S. Federal Reserve's latest policy-setting meeting, which indicated that the central bank would keep trimming its bond-buying stimulus unless there were a significant economic surprise.

The UK blue-chip index was down 43.98 points, or 0.7 percent, at 6,752.73 points by 0851 GMT, trimming its rally since an early February low to around 5 percent.

This leaves the index nearly 2 percent shy of a peak hit in late January, before political and economic concerns in emerging markets took their toll on equities.

Miners exerted the most downward pressure on the index.

--SPA 12:14 LOCAL TIME 09:14 GMT

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Source: Saudi Press Agency (Saudi Arabia)


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