FTSE slides in run-up to Budget as BP shares tumble
1 month, 3 weeks ago

FTSE slides in run-up to Budget as BP shares tumble

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the US, the Dow Jones opened slightly lower amid a number of downbeat earnings updates, with McDonald’s among those to reveal a weaker quarterly performance. “US job openings at their lowest level in over three years, house prices rising the least in 10 months and the goods trade deficit rising to over two-year highs dampened investors’ spirits, as did corporate earnings.” Sterling gained ground amid speculation the Budget will include tax hikes and wage increases which could lead to higher price inflation from affected businesses. The drinks giant saw shares close 4.2% lower at 154.8p after it highlighted weaker cider sales due to wet summer weather.

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