The FTSE 100 has ended the day down 66.9 points, or 1.06%, to 6.220.1, as a weak energy sector was compounded by a poor start to Wall Street.
International Power was the biggest drag on the index with a fall of 4.74% to 357p, after reports teh EU is to clamp down on the utility industry on evidence of collusion, while BG Group slipped 3.56% to 650p, and Scottish & Southern Energy dropped 3.5% to £14.91.
Centrica also fell 3.11% to 350p, while miner Anglo American dropped 2.92% to £23.30, although losses were slightly limited by supermarket stocks, with Morrison climbing 1.21% to 272.5p, and Tesco gaining 1.2% to 421.75p.
However Next performed well to post the biggest gains with a rise of 4.53% to £19.40, following yesterday’s trading statement, while Reed Elsevier climbed 1.94% to 578p, and Reckitt Benckiser gained 1.7% to £24.55.
In the US the Dow Jones Industrial Average is down 112.96 points, or 0.91%, to 12,367.73, following concerns a strong December jobs report could mean interest rates staying as they are.
Alcoa is the biggest drag on the index with a fall of 1.92% to $28.55, closely followed by Du Pont which is down 1.64% to $47.90, while Merck has slipped 1.6% to $44.39, and American Express has dropped 1.57% to $58.98.
However the losses are being limited by just three rising stocks, with General Motors currently posting the biggest gains with a rise of 1.01% to $29.94, while Hewlett-Packard is up 0.76% to $42, and McDonalds has climbed 0.18% to $43.62.IFAonline
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