The FTSE 100 index struggled to regain any confidence in Tuesday's trading after Compass and Rentokil both reported slower profit growth.
The FTSE 100 index only just closed over the 4,700 mark, having dropped 48.3 points or just over 1% to 4,701.5.
Rentokil eventually closed down 8.25p or 5.5% to 141.75p – having earlier in the day suffered its biggest fall in six months – after reporting its pest control business has seen profit fall 12% in the first 10 months of this year, with little prospect of improvement.
Compass Group shares also fell 9.5p or 3.95% to 231p after the world's largest caterer revealed second-half profit remained stagnant because the firm has several unprofitable school-lunch contracts as well as additional costs associated with opening in-store restaurants.
Enterprise Inns was one of the few firms to make gains as it reported the firm made second-half profits totalling 29% or 85.6m, lifting its share value 15.5p or 2.3% to 678p.
And Friends Provident ended the day 2.75p or 1.83% higher at 153p after announcing a £380m securitisation deal on some of its life policies to strengthen its capital adequacy position.
In the US, markets are not performing too well either as all three indices are down.
The Dow Jones index is currently down 36.5 points or 0.35% to 10,439.4 while the Nasdaq Composite index is 4.3 points or 0.2% lower at 2,102 and the S&P 500 index is down 3.85 points or 0.33% to 1,174.IFAonline
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