FTSE falls but stays on track for twelfth month of gains

The FTSE 100 was off 1% or 69 points by 11:20am, at 6,588 points, having fallen around 4% from its peak of 6,840 just last week. However, despite the move down, the index remains on course to achieve a full year's worth of gains on a monthly basis. Barring a major sell-off today which would need to wipe off a further 150 points, the index should achieve this latest milestone, following a surge at the start of May which sent shares racing up near record highs. Today the fallers column was mixed, with support services group Experian the worst performer, off 3.7%, while insurer and as...