LONDON -- The FTSE 100 dropped again today following the announcement of slower-than-expected growth from China, falling 0.64% to 6,344 points. The news also led to a gold sell-off, taking the shiny stuff down to its lowest price for two years. The blue-chip index, meanwhile, is still a long way from its 52-week low of 5,230, set on June 1 of last year.
But some individual companies aren't so lucky. Here are three members of the various FTSE indexes slumping to new lows today.
Things have been tough for miners, but shares in Anglo American have been hit harder than most. The diversified miner's shares fell to a new 52-week low of 1,562 pence today before recovering slightly to 1,575 pence.
What has made it worse for Anglo American is its reliance on iron ore, the price of which is under pretty severe pressure, as well as its exposure to South Africa, where it does about 10% of its business. Forecasts for the year to December put the shares on a price-to-earnings ratio of only 10.5, with 2014 predictions taking that down to nine -- that might be a bargain, but it's a risky one.
EVRAZ shares dipped to a 12-month low today too, touching 161.2 pence before picking up a bit to 172 pence. Again, the firm has been hit by troubles in the iron and steel markets, as steel prices are weakening. Last week the firm reported a full-year pre-tax loss of $106 million (after a profit of $873 million the previous year).
The company, part-owned by Chelsea FC supremo Roman Abramovich, was forced to scrap its final dividend -- the interim payment of $0.11 per share is all shareholders will get. Evraz shares are now down more than 50% over the past 12 months.
The management crisis at StobartGroup continues to drive the firm's shares down, taking them to an annual low of 74.5 pence today. Two weeks ago, Stobart's new executive chairman, Avril Palmer-Baunack, was forced out after just 71 days on the job. Last week, chief executive Andrew Tinkler and legal director Trevor Howarth were committed for trial for contempt of court. And Stobart's broker, Investec, has also quit.
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The article 3 FTSE Shares Crashing to New Lows originally appeared on Fool.com.
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