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FTSE 100 down 0.4% 'in third consecutive slide for UK stocks'

FTSE 100 down 0.4% 'in third consecutive slide for UK stocks'
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The FTSE 100 has dropped for the third consecutive day, it has been revealed.

According to Bloomberg, the leading index on the British stock exchange had shed 0.4 per cent - down by 24.54 to 5,959.79 - at 13:30 GMT in London.

Base metals were among those to decrease and BP revealed an oil leak at a pumping station in Alaska.

Following this announcement - which resulted in the organisation having to shut down its Trans-Alaska Pipeline System for the time being - the company's shares fell by 1.6 per cent to 484.4 pence.

What's more, it was a bad day for Capital Shopping Centres as it decreased by two per cent to 400 pence, while Smith & Nephew was up by 13 per cent to 736 pence.

On Friday, the FTSE 100 was down 0.6 per cent, with a lower than expected fall in US payroll data negatively affecting some companies.

Posted by Chris WeaverADNFCR-1681-ID-800332555-ADNFCR