FTSE set for fourth straight weekly loss

FTSE set for fourth straight weekly loss
 

LONDON Britain's top share index fell on Friday and was set for its fourth straight weekly loss, with Inmarsat (ISA.L) the top faller on concerns about the outlook for satellite stocks.
FTSE 100 .FTSE fell 33.84 points, or 0.6 percent, to 6,070.35 by 0822 GMT, down for a second straight session and dropping below its 50-day moving average.
The index is down 0.7 percent this week, set for its fourth straight week of losses. It is down 5.4 percent from highs hit in mid-April.
Shares in Inmarsat fell 5.2 percent, the top faller on the index, after an outlook cut from sector peer Eutelsat... read more

 
13 May 2016 in Business, Views: 34
Source: Reuters
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