The FTSE 100 Index fell 0.9% to 5182.8, as more than four-fifths of the benchmark's members fell.
Reuters paced the decline after the financial-data provider didn't raise its sales forecast. Reuters, declined 4% to 351.75p as its forecast for 1% to 2% sales growth in the second half, disappointing analysts. Amvescap also dropped after the money manager reported it lost clients in the third quarter, Amvescap, the owner of Aim mutual funds, lost 2.9% to 336p as clients pulled $4.3bn last quarter, the eighth straight period of withdrawals. AstraZeneca, the UK's No.2 drugmaker, retreated as investors including Peter Sehested at LD Pension saw better earnings prospects from rival GlaxoS...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
