This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-30679194

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Oil shares fall on London's FTSE 100 Oil shares lead London shares lower
(about 4 hours later)
(Open): London's main share index was little changed in early trading on Monday. (Noon): Oil firms dragged the FTSE 100 lower on Monday, with the index extending early losses.
The FTSE 100 slipped by 0.03%, or 1.9 points, to 6,545.89. Tullow Oil, BP and Shell, were among the worst performers as the price of Brent crude fell below $55 a barrel, to its lowest level since March 2009.
Marks and Spencer shares were the biggest losers, down 1.3%. The company publishes its Christmas trading statement later this week. At midday, the FTSE 100 was down by 0.92%, or 60.4 points, to 6,487.37.
Oil firms Tullow Oil, BP and Shell, also fell as the price of of both Brent and US crude oil fell to five-and-a-half year low. Marks and Spencer shares also fell sharply, down more than 3%. The company publishes its Christmas trading statement later this week.
On the currency markets, the pound fell 0.1% against the dollar to $1.53120 and gained 0.27% against the euro to trade at €1.28050. The investment bank SocGen downgraded its rating on the company to "hold" from "buy".
On a brighter note, shares in the budget airline Ryanair hit a new record after it said that December traffic grew by 20%.
On the currency markets, the pound fell 0.54% against the dollar to $1.52450 and gained 0.22% against the euro to trade at €1.2800.