FTSE opens down despite gains for miners
11 May 2016
- From the section Business
(Open): London’s FTSE 100 was lower at the start of Wednesday trade, despite gains for the key miners listed in the top 100.
The FTSE 100 was down 7 points at 6,149.57.
Travel company Tui was a faller outside the top flight, down 3% after results.
It reported a half-year loss of €236.9m (£186m), up from last year’s €283.1m loss.
Tui is selling various bits of the business. It is planning to sell its outdoor package provider in the UK and last month said it would sell Hotelbeds Group for €1.2bn.
William Hill shares were another 250 faller, down by 3% after a trading update repeated the message of difficult trading conditions and too many winners at this year’s Cheltenham Festival and in European football.
Source: BBC Business