Commodity prices drag down London stock market
www.chinaview.cn 2008-11-27 02:28:45   Print

Special Report: Global Financial Crisis

    LONDON, Nov. 26 (Xinhua) -- A sharp fall in the price of oil and commodities dragged the London market lower when the FTSE 100 index clawed back some losses after a positive start on Wall Street but ended 18.6 points, 0.4 percent lower at 4152.7.

    Shares in oil giants BP and Royal Dutch Shell were both down after oil slipped back towards 50 US dollars a barrel.

    HBOS and Standard Chartered, both leading losers, chalked 6.7 percent and 6.6 percent losses respectively.

    Compass rose 9.3 percent after the catering group saw profits up 30 percent.

    Platinum specialist Johnson Matthey jumped 15.1 percent after it reported a 20 percent rise in first-half profits.

Editor: Sun
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