The FTSE 100 index ended the day down 93.7 points or 1.6% at 5,838 points following today's interest rate increase and mixed earnings.
Unilever led the fallers, down 5.82% at £12.14, despite reporting a big hike in second quarter profits, up 29% to £351m.
British Land fell 3.92% to £13.24, Persimmon lost 4.02% to £12.42 and Land Securities declined 2.63% to £19.23.
Rio Tinto fell 1.14% to £27.75, despite reporting first half earnings were up 80% to a record $3.75bn.
Chemicals giant ICI dropped 3.78% to 363p after traders were unimpressed with a 14% hike in second quarter profit.
In the US, the Dow Jones industrial average is up 19.69 points, or 0.18%, at 11,219.62 points after Procter & Gamble rose on news rival Unilever reported higher revenue.
Procter & Gamble has gained 1.56% to $59.20.
Caterpillar has risen 0.51% to $71.11 and General Electric has advanced 0.34% to $32.71.IFAonline
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