FTSE dealt hefty blow by mining stocks

The FTSE 100 Index was more than 50 points lower today after mining stocks dealt a hefty blow to the London market.

FTSE dealt hefty blow by mining stocks
Thu, 13 Oct, 2005 - 12:39

The FTSE 100 Index was more than 50 points lower today after mining stocks dealt a hefty blow to the London market.

Mining firm BHP Billiton triggered the weakness by cutting its annual oil and gas production targets by around 8% due to storm damage in the Gulf of Mexico.

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