Mining stocks dig hole for FTSE

Mining stocks dragged the FTSE 100 Index down today as record results from industry giant BHP Billiton failed to cheer investors.

Mining stocks dig hole for FTSE
Wed, 24 Aug, 2005 - 18:53

Mining stocks dragged the FTSE 100 Index down today as record results from industry giant BHP Billiton failed to cheer investors.

BHP lost almost 4% and left a string of its rivals lower as profit-takers moved in after news of an 85.5% surge in annual net profits to $6.5bn (€5.3bn).

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