UK stocks : FTSE 100 falls 0.2 pct
Agencies: London, Dec 18 2012, 05:31 IST
cyclical sector to have underperformed so far in 2012 and hence could be a key beneficiary of the 'January' effect in 2013," they add, reiterating a preference for mining, and pointing to a recent trend where the worst performers of the prior year have triumphed in January.
Airlines owner IAG was the top FTSE 100 gainer, up 3.3 percent in strong volume of 140 percent of its 90-day daily average, after its Spanish unit Iberia said it had agreed to negotiate with its unions over a five-year restructuring plan to ensure the airline's future viability.
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