Shares in London bucked the European trend on Tuesday to end fractionally lower as a negative inflation report countered gains driven by earnings from leading retailer Tesco.
The FTSE 100 index shed 3.5 points -- or 0.09 percent -- to finish at 3,987.46.
Tesco said in a results statement that pre-tax profits jumped 14.9 percent to a record 3.21 billion pounds in the 12 months to February 28.
But the news was overshadowed by a report indicating a first drop in annual inflation -- measured by the Retail Prices Index (RPI) -- since 1960, raising the spectre of deflation.
London's investors were also pausing ahead of the government's annual budget, due to be delivered by Chancellor of the Exchequer Alistair Darling on Wednesday.
Vodafone was the most widely traded stock, seeing 253 million shares change hands, followed by the Royal Bank of Scotland (RBS), which saw 175 million units switch owners.
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1 comment:
Remove the word caution right now and it is time for mayhem, investors, day traders, domestic institutional investors plus foreign institutional investors are all queing up to pump money in the markets.
The markets will remain volatile for a couple of months to come but this is ur opportunity to enter and earn quick money.
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