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Resource stocks keep pressure on London
London equities continued to drift lower on Wednesday, as worries about the faltering outlook for sustained global growth kept stubborn selling pressure on resource stocks.
Mining and Oil companies took the biggest overall toll on the market. BHP Billiton conceded it was “cautious” on the short-term outlook for the world economy, which it expected to remain volatile for some time, although it added it was not expecting a double-dip recession.
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