FTSE 100 falls as mining stocks slide
- 27 November 2015
- From the section Business
(Close): Mining shares dragged the FTSE 100 down, with Anglo American leading the fall after it said it would shut a coal mine in Australia.
Anglo American shares fell 8%. It said it was closing the Drayton mine after a state body recommended that an expansion plan should be blocked.
At the end of trading the FTSE 100 index was 0.3% lower at 6,375.15.
Other mining shares were also lower, following more disappointing economic data from China.
Chinese industrial profits fell 4.6% in October, the fifth month in a row they have fallen.
On the currency markets, the pound fell after figures confirmed that the UK economy grew by 0.5% in the third quarter. That was a slowdown from the rate of 0.7% in the previous quarter, with the trade deficit weighing on growth.