FTSE 100 falls
Wednesday, 03 Sep 2008 09:47
FTSE 100 falls on energy and mining stocks
Enterprise Inns led a fall in the FTSE 100 index after yesterday's gains.
The index opened at 5,593.80, down from its previous close of 5,620.70.
Weak metal and oil prices continued to send mining and energy stocks down.
However, pub group Enterprise Inns saw the biggest falls in its share price, following rival Punch Taverns' decision to axe its final dividend.
Shares in Enterprise Inns fell 11.07 per cent on the news to 273.25p.
Financial stocks were also down after the collapse of hedge fund Ospraie Management and shares in HBOS fell 4.92 per cent to 294.75 per cent.
This is despite rises in banking stocks yesterday as hopes were raised that the government's housing proposals could boost the mortgage market.
Among the risers this morning was Imperial Tobacco, up 2.85 per cent to £19.13 and Cable and Wireless, up 2.23 per cent to 183.10p.
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