LONDON (ShareCast) - 1045: Footsie (news) is slightly in the red still as miners give up some recent gains. Rio Tinto (LSE: RIO.L -
news) is the heaviest faller. Defensive stocks such as the water firms Severn Trent (LSE:
SVT.L -
news) and United Utilities (LSE:
GB0006462336.L -
news) are wanted. FTSE 100 down 14 at 4,144.
0950: Stock markets are volatile but still slightly lower as insures such as Aviva (LSE: AV.L - news) and Standard Life (LSE: SL.L - news) weigh. But defensive utilities are doing well to soften the fall, with Severn Trent, International Power (LSE: IPR.L - news) and United Utilities higher. FTSE 100 is down 12 to 4146.
0835: Footsie is drifting lower with oil majors Shell (LSE: RDSB.L - news) and BP pulling it down as both run into selling pressure on the recent dip in crude prices. Contractors Amec and Balfour Beatty (LSE: BBY.L - news) are also lower. Hope that a tie-up with Spanish carrier Iberia (Madrid: IBLA.MC - news) could be back on the agenda has given British Airways (LSE: BAY.L - news) a lift as has the lower oil price. FTSE 100 down 17 at 4,141.
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