The FTSE 100 was swamped with stocks dipping more than 2% today, leading the index to fall of 37.9 points, or 0.57%, to 6635.2.
Wolseley was the worst performer, as investors remained unimpressed with acquisition news coming from the plumbing supplies business, it closed down 32 points, or 2.63%, to 1183.
Alternative investment provider Man Group also lost, sliding 16 points, or 2.6%, to 599.
Reports O2 has won the much sought-after deal to sell Apple iPhones in the UK has pushed Vodafone stocks down.
The telco giant dropped 4 points, or 2.41%, to 162.1.
Miners enjoyed the day’s best results – BHP, Rio Tinto and Anglo American were all solid – but it was Xstrata who led the charge, up 61 points, or 1.96%, to 3170.
On Wall Street, the Dow Jones is all over the place following the Independence Day holiday – currently down 28.21 points, or 0.21%, to 13549.09 in early trading.
General Motors has slipped 1.33 points, or 3.5%, to 36.65 – due to a Bear Stearns downgrade after Tuesday’s announcement of a 21% decline in June sales.
Honeywell International is the best performer so far, the civil and military avionics manufacturer is up 0.95 points, or 1.66%, to 58.15.
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