FTSE falls on weaker mining shares; Unilever hit by Tesco row

FTSE falls on weaker mining shares; Unilever hit by Tesco row
 

Britain's top share index slipped to its lowest level in more than a week on Thursday, just days after setting a record high, with basic resources stocks selling off as metals prices fell following poor China trade data.
Unilever (ULVR.L) and Tesco (TSCO.L) both fell around 2 percent as the two companies got locked in a row over pricing caused by a plunge in sterling after Britain's vote in June to quit the European Union.
Mining companies were the worst performers, with the UK mining index .FTNMX1770 falling 2.5 percent, dragged down by a 1.3 to 3.0 percent decline in shares of Glencore... read more

 
13 October 2016 in World News, Views: 37
Source: Reuters
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