UK stocks sink on Shell slump after earnings
January 29, 2015 10:46 amVideo
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UK stocks plummet as a gauge of gas and oil companies declined with Shell leading the drop.
The FTSE 100 Index shed 0.66% or 45.33 points to 6,781.00. Ireland’s ISEQ Index drop by 0.6% as well. The Stoxx Europe 600 Index shed 0.5% to 367.15 in London.
A gauge of oil and gas companies reported the biggest drop among the regional benchmark index’s 19 industry groups.
Shell plummeted by 3.3% after reporting its fourth quarter profit that disappointed estimates.
The material has been provided by InstaForex Company – www.instaforex.com
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