FTSE slides towards 4,400 again

Rentokil lost 1.75p, or 1.2%, to 149.75p after UBS cut the pest-control company’s shares from “neutral” to “reduce”. ICI, a chemicals maker, fell 3.25p to 201.25p. In Asia, Tokyo's Nikkei 225 index fell 105.70 points to 10,862.04 earlier today, and Hong Kong's Hang Seng dropped 189.75 points to 11,279.66. On Wall Street, trading ended on a mixed note yesterday as the Dow Jones Industrial Average index lost 30.80 points to 9,937.71 by the close. The S&P 500 index also ended down 2.81 points to 1,088.68, while the Nasdaq Composite index gained 0.35 points to 1,898.17. IFAonline