FTSE 100 finishes sharply lower as financial stocks weigh
FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
Company
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
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FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
The FTSE 100, dragged higher by the miners, got off to a strong start today, but closed juts about six points higher
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
Investments and investor services
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Archive
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Investments and investor services
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
Investments and investor services
The FTSE 100 index closed up 78 points at 7,603, just off the all time high
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
The FTSE 100-listed firm’s CEO, Iván Arriagada said: "We have had a further quarter of improved production with tonnages increasing by 3% compared to the previous quarter and by 4.5% on a year to date basis”
Investments and investor services
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
The FTSE 100 index was less than a point higher at 7,523, well below the session peak of 7,560.04.
A look at some of the biggest risers and fallers today in London
The UK blue chip index closed at 7,526, well below the session peak of 7,557.00 and close to the day’s low of 7,531.48
Copper prices are now back to highs last seen in 2014 and the long-term outlook is positive
Thursday lunch brought no surprises from the ECB, with the European Central Bank making no changes to interest rates.
Archive
Some big names are due to publish results on Thursday, but the European Centeal Bank’s decision on interest rates is what most traders will be waiting on