Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/money/article/a701578
BG production warning sucks energy from FTSE
The FTSE 100 was slightly higher in early trading after a production warning from BG Group took the shine off a big GDP upgrade in Japan and some positive news in China.
The FTSE 100 was slightly higher in early trade after a production warning from BG Group took the shine off a big GDP upgrade in Japan and some positive news in China.
At 9.30am the FTSE 100 was three points higher at 6,537.
London shares had been tipped to start the week on a positive note after overnight data showed Chinese exports rose by a stronger-than-expected 7.2% in August, while imports jumped by 7%. A separate report showed Chinese inflation eased from 2.7% to 2.6%.
Meanwhile shares in Japan were in demand after the nation's economic growth in the second quarter was upgraded from 0.6% to 0.9%, with news the country had won the battle to host the 2020 Olympics adding to sentiment.
However, BG missed out on the party after warning that delays in production in Egypt and Norway would reduce its output in 2014. Shares in the firm lost almost 4% to stand at £12.31.
Burberry was the best performer in early trading, up 33p, or 2.1%, at £16.33.
More about this:
Look up the shares
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.
by Chris Marshall on Dec 09, 2013 at 09:48