Compass points FTSE in wrong direction

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In the UK the FTSE 100 Index has lost a further 6.3 points to 4,894.4 points at its close.

Contract catering group Compass leads the drop to the tune of 5% or 12.75p, closing at 241.5p, after the firm issued out its second profit warning in six months. Smith & Nephew has shed 24.5p or 4.6% to 497.5p, after it received a subpoena from a US attorney's office in a probe into agreements between replacement knee and hip makers and surgeons. Shire Pharmaceuticals picked up as much as 42.5p or 7.5% to 604.5p, after reporting sales of a hyperactivity drug have steadied following a surprise suspension in Canada earlier this year. Mining firms Xstrata and Antofagasta also added 28p t...

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