Thursday, April 19, 2007

U.K. FTSE 100 Benchmark Drops for Third Day; Mining Companies Lead Slump

(Bloomberg) -- U.K. stocks declined for the third straight session on concern China is preparing to raise interest rates to control economic growth.

BHP Billiton Ltd. and Rio Tinto Group paced a decline by companies that generate a high proportion of sales in China. BP Plc slipped as Merrill Lynch & Co. recommended investors reduce their holdings in the company.


Read more at Bloomberg Stocks News

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