Off the wire
• AU, Somali forces kill 17 militants in S. Somalia: official  • China urges Japan to create favorable conditions for E.China Sea issue  • German universities get more int'l, as Asian students play more important role  • Radicalisation of young people threat to world society: Irish President  • 1st LD Writethru: UN Security Council condemns deadly terrorist attack in Turkey  • Xinhua world news summary at 1600 GMT, July 22  • Team classification from Tour de France 17th stage  • U.S. stocks extend losses as Apple results weigh  • Individual classifications of Tour de France after 17th stage  • Slovak ranks among top car producers in central, eastern Europe  
You are here: 　 Home

FTSE 100 drops by 1.5 pct, dragged by tech firm, miners

Xinhua, July 23, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Wednesday dropped by 1.50 percent, or 101.73 points, to 6667.34, as weak performance of miners and tech companies dragged the index.

ARM Holdings Plc, a Cambridge-based chip designer, Wednesday announced that its second quarter revenue increased by 15 percent to 357.1 million U.S. dollar, compared with that of the same period of last year. The result was below the market expectation consensus.

BHP Billiton, an Anglo-Australia miner, will cut back production this year in all of its "pillar" commodities except iron ore, adding to the pressure declining prices have placed on its progressive dividend and growth commitments.

ARM Holdings decreased by 6.64 percent, topping the losers of the blue chips.

Prices of BHP Billiton, Anglo American, Glencore and Weir Group dropped by 5.71 percent, 5.59 percent, 5.41 percent and 5.37 percent respectively.

Budget airline company easyJet led the top gainers of the blue chips with a share price drop of 4.92 percent, followed by RSA Insurance Group (2.11 percent), International Consolidated Airlines Group (1.69 percent), Sage Group (1.03 percent) and Direct Line Insurance Group (0.67 percent).

Trading volume in FTSE 100 companies was around two percent smaller than its 30-day average. And the index has gained 3.82 percent so far this year. Endit