Weak Utilities Offset Miners' Strength to Leave Ftse Slightly Lower

The ScotsmanJune 27, 2006

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Summary


SENTIMENT in the City remained cautious yesterday as investors marked time ahead of the Federal Reserve's decision on interest rates on Thursday.

The latest worries over another potential rise in the cost of borrowing were seen across world markets, including London, as the FTSE 100 index remained near to its opening mark to close down 10.9 points at 5,681.2.

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Weak Utilities Offset Miners' Strength to Leave Ftse Slightly Lower

The mining sector propped up the key index but the gains were offset by power companies after regulator Ofgem disappointed the industry by recommend...

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