The FTSE 100 Index has again declined at its close today, losing a further 27.30 points to 5019.50 points, led by energy and water firms.
Utilities firm, Scottish and Southern Energy declined 30p or 3% to 971p, while Severn Trent slipped 30p to 1028p, after being hit by sector weakness.
Analysts say the cutting of Kelda stock is also having a negative impact on the sector, Kelda being the UK’s third largest publicly traded firm.
United Utilities also fell 17.50p to 649.50p, while United Utilities A shares shed 10p to 324p.
On the winning side of the board, Cable & Wireless advanced 6p to 148p, along with Legal & General Group, adding 2p to 110.75p.
Marks & Spencer Group lifted its shares 5p to 351.75p, after the Guardian newspaper reported an unnamed Icelandic investment group may favour purchasing a stake in the retailer.
In the US, the Dow Jones Industrial Average has started poorly, losing 32.76 points to 10514.81 points in its morning session, led by Hewlett-Packard.
The computer firm has shed $0.42 to $ 23.43, following a call of ‘sell’ from analysts, who believe the company is losing market share in the PC and printer sectors.
McDonalds is also trading $0.36 lower to $28.94.
At the other end, Honeywell International has climbed $0.42 to $37.26, following analysts reiterating its "buy" rating, while metal manufacturer Alcoa picked up $0.22 to $27.49, after it signed a long-term agreement with Airbus to supply high-performance sheet and plate products.IFAonline
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