The FTSE100 fell sharply upon opening this morning, as the leisure sector struggles on gloomy news from Punch Taverns. London's blue chip index is currently 41.70 points lower (0.74%) to 5579.
News pub group Punch scrapped its final dividend to save cash has smashed compatriot Enterprise Inns, 9.76% behind to 277.25. Miner Ferrexpo is lower on a mixed morning for the sector, 3.2% down to 241.75. Travel firm Thomas Cook is also struggling, 3.14% lower to 238.75. A £1bn pension deal with Prudential has boosted Cable & Wireless, up 1.9% to 182.50. Miner Eurasian is 1.51% higher to 942 and BAE Systems is 1.35% ahead to 489.50. In New York, Wall Street closed slightly lower on Tuesday after the Labor Day holiday, after a late decline sent the Dow Jones IA down 26.63 points (0.23%)...
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