The FTSE 100 has struggled upon opening this morning, dragged lower by the resources sector. The ...
The FTSE 100 has struggled upon opening this morning, dragged lower by the resources sector. The benchmark blue-chip index has tumbled 14.98 points (0.34%) to 4421.77 by 8:45am. Rio Tinto is the biggest loser so far, falling 2.73% to £30.63 as it offered a share in a planned iron ore alliance with BHP Billiton to Chinalco as a peace offering, following the collapse of its $19.5bn deal with the Chinese firm. Fellow miner Antofagasta shed 2.14% to 664.5p, while Xstrata lost 1.75% to 758p. Eurasian Natural Resources is down 1.71% to 717.5p. However, Thomas Cook Group has gained 4% to 2...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
