FTSE retreats further from record high

GMT 00:39 2015 Tuesday ,10 March

Arab Today, arab today FTSE retreats further from record high

London Stock Exchange
London - SPA

Britain's top share index dropped for a second trading day on Monday, with property shares falling after a rise in gilt yields that made stocks paying a high dividend less attractive compared to the lower risk government debt.
The FTSE 350 Real Estate Investment & Services index fell 1 percent, with companies such as Land Securities, British Land and Barratt Development down 1.3 to 2.1 percent.
The blue-chip FTSE 100 index was down 0.5 percent at 6,873.80 points by 0919 GMT after falling 0.7 percent on Friday, moving further away from a record high of 6,974.26 points set in the previous week.
The UK mining index fell 0.5 percent, while the oil and gas index fell 1.1 percent, tracking a slide in Brent crude oil prices which fell towards $59 a barrel.


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