FTSE down as oil stocks fall

Falling oil stocks and heavy overnight losses in New York conspired to send the London market lower today.

FTSE down as oil stocks fall
Thu, 10 Mar, 2005 - 11:00

Falling oil stocks and heavy overnight losses in New York conspired to send the London market lower today.

Despite sky-high crude costs, oil giants BP and Shell both lost nearly 2% of their value as they went ex-dividend, meaning new investors no longer qualify for dividend payouts.

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