Footsie loses ground as US hikes rates

London shares failed to make headway today as lower oil prices and the aftershock of a US interest rate rise dampened spirits.

Footsie loses ground as US hikes rates
Wed, 23 Mar, 2005 - 17:29

London shares failed to make headway today as lower oil prices and the aftershock of a US interest rate rise dampened spirits.

Despite a session dominated by corporate results from retailers, mining and oil stocks had the biggest impact in sending the FTSE 100 Index 26.9 points lower to 4910.4.

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