Wednesday, November 12, 2008

Mining shares drag down London stock market by 3.57%

LONDON, Nov. 11 (Chinese media) -- Mining shares dragged down the London Stock Market on Tuesday as concerns about a gloomy world economy deepened.



The benchmark FTSE 100 index ended down 157.23 points or 3.57 percent to 4,246.69, led by Vedanta Resources whose shares shed 14.41 percent. UK Coal also lost 12.68 percent as the need for coal plummeted at the economic downturn.

However, Vodafone Group went up by 6.23 percent while Carphone Warehouse Group also rose 3.05 percent.

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