Newspaper article The Journal (Newcastle, England)

Falls after Poor Run-Up to Christmas

Newspaper article The Journal (Newcastle, England)

Falls after Poor Run-Up to Christmas

Article excerpt

Byline: FTSE 100 Jeffrey Ball Brewin Dolphin

THERE was little movement within the FTSE 100 Index on Thursday as investors failed to muster the festive cheer to push the index higher.

Instead, the index slipped slightly by 16 points to 5930 but still remains at one of the highest levels it has been since March. The latest news from the eurozone left investors broadly unmoved as it was announced that the finance ministers of Europe had agreed on how the European Central Bank would directly oversee around 200 of Europe's largest banks. Closer to home, the news that the UK government was to lift its ban on fracking also drew headlines. The shale gas drilling process, which is believed to have triggered two mini-earthquakes near Blackpool last year, was highlighted by chancellor George Osborne in his autumn statement early this month as a way to potentially help lower gas prices.

Within the FTSE 100 Index, Wood Group was the biggest faller on the day after releasing a trading update. …

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