Newspaper article The Journal (Newcastle, England)

Midwinter Slowdown for Investors

Newspaper article The Journal (Newcastle, England)

Midwinter Slowdown for Investors

Article excerpt

Byline: FTSE 100 Jeffrey Ball Brewin Dolphin

THERE was little to excite investors as the week drew to a close as the FTSE 100 Index endured another day of little movement, dipping slightly to 5922, a drop of only eight points.

News of worsening sentiment amongst Japanese businesses and credit rating agency Standard & Poor's (S&P) moving its AAA rating of the UK to a "negative outlook" did little to stir investors. S&P is the third major credit rating agency to change the outlook for the UK to negative this year.

Mining stocks dominated the FTSE 100 Index's leader board through the day with Polymet having the best day's trading with a rise of 2.3% to 1175p. However, it was not entirely positive for the sector as Anglo American found itself at the wrong end of the table with a 1.6% fall in its share price to 1826.5p following an analyst downgrade.

Pennon finished off a week of solid progress with a 0.6% gain to finish at 624p. …

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