Summary
BLUE-chips fell yesterday to pull stumps on a three-day winning streak and pull back from near four-year highs, with insurers hit after Aviva raised worries about UK margins while surging oil prices stoked fears that high fuel costs would curb corporate profitability.
Geoff Langham, head of trading at deal4free.com, said: "The FTSE has been struggling for much of the session against a tide of profit- taking - largely inspired by the prospect of an extended run of high oil prices - although London equities managed to stage a small recovery ahead of the close after a better-than-expected start to the day in New York."See the full content of this document
Extract
Footsie Suffers On Aviva Warning
The Footsie closed down 18.9 points at 5,358.6.
Budget airline EasyJet, one of the most exposed firms to high oil...See the full content of this document
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