This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-39489397
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
FTSE held back at noon by South Africa-linked stocks | |
(about 3 hours later) | |
Shares in companies with strong links to South Africa, remain among the list of 100 company fallers at noon on Tuesday. | |
Old Mutual lost 1% and Mediclinic 2% after S&P on Monday night downgraded South Africa's credit status to junk. | |
Investors seemed to take the view the country's currency, the rand, had suffered enough for now. It was up about 0.5% against the pound at 17.14 and 0.8% against the dollar at 13.79. | |
The FTSE 100 was up 24.49 at 7,307.18. | |
Miners gave some support, with the usual suspects, Fresnillo, Rio Tinto and Randgold up an average of 2%. | |
Supermarket Sainsbury shares fell further to lose 2% after Kantar Worldpanel released its latest summation of market share. | |
Imagination Technologies, whose shares on Monday plunged 62% to 103p after tech giant Apple said it would end a deal to use its products., regained 10% to 114p. | |
The pound was down 0.3% against the dollar at $1.2449 and was flat against the euro at 1.17 euros. |