FTSE 100 Slips As Energy Stocks Drag
(RTTNews) - U.K. stocks traded lower on Tuesday as crude prices fell on demand concerns, weighing on the energy sector. BP Plc and Shell both fell around 1 percent.
The downside in the broader market remained limited after data showed Britain borrowed less than predicted by its budget forecasters.
The benchmark FTSE 100 was down 34 points, or half a percent, at 7,462 after finishing 0.1 percent lower in the previous session.
CRH, a provider of building materials solutions, rose over 2 percent after it has agreed to acquire a cement plant and 20 ready mixed concrete plants in Texas from Martin Marietta Materials, Inc. for $2.1 billion.
International Consolidated Airlines Group rose about half a percent after reaffirming its annual outlook.
Cranswick shares jumped 2 percent after the meat producer said it sees annual profit at the upper end of market view.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
