Thursday, November 20, 2014

FTSE Drops as China Weak PMI Hit Miners

Overall though the FTSE 100 has fallen 30.05 points to 6666.55, with the US Federal Reserve minutes providing little impetus and a weak French purchasing managers report and data from China showing growth in the country’s manufacturing sector had stalled this month.

So with metal prices weak, Rio Tinto is down 70.5p at 2871.5p, Anglo American has lost 32p to 1290.5p and BHP Billiton has fallen 36.5p to 1588.5p.

A number of companies have seen their shares quoted without the right to the latest dividend, with National Grid down 20p at 940.5p and J. Sainsbury 4.5p lower at 258.1p.

Following Wednesday’s falls following a vote by MPs to effectively end the beer tie, pub groups are putting in a mixed performance. Enterprise Inns is down another 1.3p to 101.3p and Mitchells & Butlers has fallen 4.6p to 362.8p but Greene King has recovered 11.5p to 762p.

via The Guardian

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