Mining shares pull FTSE 100 lower
- 27 March 2015
- From the section Business
(Close): Shares in mining companies pulled the FTSE 100 lower after iron ore prices slid sharply on fears of oversupply.
The benchmark FTSE 100 index fell 40.31 points to 6,855.02.
The price of oil fell as fears eased that the Saudi-led airstrikes in Yemen on Thursday could disrupt supplies.
The fall in the oil prices lifted shares in airlines, with Easyjet up 1.14%.
Shares in housebuilder Barratt Developments fell 0.19%, after saying group finance director, David Thomas, would be its next chief executive. The firm's current chief, Mark Clare, is to step down after nine years in the job.
On the currency markets, the pound was lifted by comments from Bank of England governor Mark Carney.
At a discussion at a Bundesbank conference in Frankfurt, Mr Carney said the next move in UK interest rates "is going to be up".