FTSE continues to slide as oil hits $53

The London market slipped back into reverse gear today as sky-high oil prices and losses by pharmaceutical companies took their toll.

FTSE continues to slide as oil hits $53
Thu, 07 Oct, 2004 - 18:38

The London market slipped back into reverse gear today as sky-high oil prices and losses by pharmaceutical companies took their toll.

Despite hitting a new two-year high in early trading, the FTSE 100 Index slipped back below the key 4700 barrier to close 7.6 points lower at 4698.7.

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