Advertisement
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.
Canadian Market Up Slightly In Cautious Trade
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
Bay Street Likely To Open On Negative Note
U.S. Producer Prices Inch Up Less Than Expected In May
U.S. Weekly Jobless Claims Unchanged At 248,000
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India
