FTSE 100 Falls for 6th Day
METALS
August 19, 2015
Weaker Yuan Wallops Commodities as Importers Face Higher Costs
August 23, 2015
Commodity stocks weighed on U.K. stocks, dragging the FTSE 100 lower.
One exception was Glencore Plc, which rallied 3.6 percent even as industry peers fell, after investor Harris Associates LPincreased its holding. The 4.5 percent stake, worth about $1.6 billiaon, now makes Harris Glencore’s fourth-largest shareholder. Shire Plc snapped a five-day losing streak to add 1.7 percent.
Antofagasta Plc led declines, with Anglo American Plc, Persimmon Plc, BHP Billiton Plc and Rio Tinto Group also falling. The Bloomberg Commodity Index extended a 13-year low reached yesterday.
The FTSE 100 lost 0.4 percent at the close in London. The gauge slid 2.5 percent last week as commodity producers extended losses.
The FTSE 250 Index added 0.1 percent, while Ireland’s ISEQ Index rose 0.8 percent.
http://www.bloomberg.com/news/articles/2015-08-18/ftse-100-fall-for-6th-day-glencore-bucks-commodity-stock-slump
