London trading deteriorated on Friday afternoon after the US markets opened sharply lower on news mo...
London trading deteriorated on Friday afternoon after the US markets opened sharply lower on news more than half a million American jobs were cut in November. The announcement added to falls among local mining stocks, which are suffering from rapidly falling copper prices. The FTSE100 index was down 1.67% to 4,094.24 by mid-afternoon. Lonmin tumbled 14.11% to 566 as metal prices fell for a seventh consecutive day, followed by rivals Xstrata and BHP Billiton, which lost 10.96% and 8.21% respectively. Tullow Oil dropped 7.03% as dwindling demand led to speculation that oil could dip as l...
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