Miner Glencore and China lead FTSE to seven-month low – London Report

first_img Miner Glencore and China lead FTSE to seven-month low – London Report whatsapp Express KCS Show Comments ▼ Thursday 20 August 2015 5:40 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallcenter_img whatsapp Share THE FTSE 100 fell yesterday to its lowest level since January, hit by anxiety over metals consumer China’s economy, with Glencore leading the mining sector lower after poorly-received results.The blue chip index was down 122.84 points, or 1.9 per cent, at 6,403.45 points by the close – its lowest closing level since 15 January, and more than 10 per cent below a record high of 7,122.74 points hit in April.Miner and commodities trader Glencore was the top faller, dropping 9.7 per cent to a record low after a 29 per cent fall in first-half earnings due to a slide in metal and oil prices.Some questioned whether a decrease in the firm’s debt and cuts in capital expenditure went far enough. “I think that the cutback on the capex wasn’t big enough,” said Zeg Choudhry, managing director at Lontrad.Anglo American, BHP Billiton and Rio Tinto fell between 4.4 and 3.7 per cent.Leading the few blue chip gainers, British insurer Admiral jumped 3.8 per cent after posting a forecast-beating one per cent rise in first-half pre-tax profits. Pharmaceutical firm Hikma rose 2.5 per cent after maintaining guidance for full-year revenue growth. More From Our Partners White House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: Chinese economy Company FTSE 100last_img

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