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| Version 2 | Version 3 |
|---|---|
| Oil giants' woes drag down FTSE 100 | Oil giants' woes drag down FTSE 100 |
| (35 minutes later) | |
| (Close): London's leading shares fell in Tuesday morning trading, as poor results from oil giants weighed on the market. | (Close): London's leading shares fell in Tuesday morning trading, as poor results from oil giants weighed on the market. |
| BP was the biggest loser on the FTSE 100, falling 8.8%, after it reported a 51% fall in underlying annual profits. | BP was the biggest loser on the FTSE 100, falling 8.8%, after it reported a 51% fall in underlying annual profits. |
| Rival Royal Dutch Shell also fared badly, shedding 4.5%. Shell has warned that its results are likely to show a similar fall in profits. | Rival Royal Dutch Shell also fared badly, shedding 4.5%. Shell has warned that its results are likely to show a similar fall in profits. |
| Overall, the FTSE 100 lost 2.3% or 138.09 points to close at 5,922.01. | |
| Oil prices have fallen more than 70% since mid-2014, hit by the slowing global economy, the strong US dollar and oversupply. | Oil prices have fallen more than 70% since mid-2014, hit by the slowing global economy, the strong US dollar and oversupply. |
| On the currency markets, the pound was down 0.27% against the dollar at $1.43950. | On the currency markets, the pound was down 0.27% against the dollar at $1.43950. |
| It was 0.38% lower against the euro at €1.3204. | It was 0.38% lower against the euro at €1.3204. |