The FTSE 100 has ended the session down 4.5 points, or 0.07%, to 6,413.3, as losses on Wall Street pulled the index back from near six-year highs.
Miner Kazakhmys was the biggest loser with a fall of 3.77% to £11.74, closely followed by Wolseley which declined 2.35% to £12.44, while Carnival slipped 2.29% to £23.88, and Friends Provident fell 2.15% to 193.25p.
Sainsbury also slipped 2.32% to 526p, as private equity firm CVC Capital Partners confirmed it had pulled it 582p per share bid for the supermarket, although Marks & Spencer rose 2.88% to 715p, as investors believe the focus could now switch to the retailer.
Alliance Boots also climbed 1.45% to £10.50, closely followed by Scottish & Southern Energy which added 1.2% to £15.97, while Alliance & Leicester gained 1.06% to £11.39, and Severn Trent advanced 1.02% to £14.80.
In the US, the Dow Jones Industrial Average is down 82.73 points, or 0.66%, to 12,491.12, as just three stocks are currently making gains ahead of the release of minutes from the Federal Reserve’s last policy meeting.
Alcoa has posted the biggest gains so far by climbing 0.77% to $35.17, closely followed by McDonald’s which has added 0.48% to $46.53, while Johnson & Johnson has advanced 0.08% to $61.72.
However, General Motors is the biggest loser so far with a drop of 2.24% to $31.36, closely followed by Honeywell International which has slipped 1.45% in early trading to $46.30.
In addition, Verizon Communications has dropped 1.4% to $37.27, closely followed by IBM which has declined 1.24% to $95.26, while heavy equipment maker Caterpillar has fallen 1.14% to $66.19.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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