Tuesday, February 20, 2007

FTSE eases after 6-yr closing high, results in focus

Britain's FTSE 100 index ticked lower in early trade on Tuesday after hitting a new six-year closing high the previous session as investors pocketed gains after a slew of corporate results.

Oil shares suffered as crude prices hovered around $58 a barrel after dropping 1 percent a day earlier.

BP slipped 0.3 percent, while both Royal Dutch Shell and BG Group shed 0.5 percent.

At 0841 GMT, the FTSE 100 was down 7.8 points, or 0.12 percent at 6,436.6, having ended up 0.39 percent at 6.444.4 the previous session, a new six-year closing high. European shares also inched down.

Read more at Reuters South Africa

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