FTSE falls as BP fails to fuel climb

The FTSE 100 Index fell into the red today as record profits by BP and hopes of an interest rate cut failed to excite investors.

Tue, 26 Jul, 2005 - 19:03

The FTSE 100 Index fell into the red today as record profits by BP and hopes of an interest rate cut failed to excite investors.

Oil giant BP lost 2% of its market value, down 13p to 629.5p, as investors cashed in following today’s news that it was making profits of about £1.4m (€2.02m) an hour.

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