Banks and miners continue FTSE fall
London's top flight set a new six-month high on Friday but was off 40.5 points at 5852.9 on Tuesday morning as banks and miners drove the benchmark index lower.%VIRTUAL-SkimlinksPromo%
Insurer Aviva was the biggest FTSE 100 faller, down 16.1p to 343.1p, after Bank of America Merrill Lynch said the shares looked to have run their course following a decent performance since July.
In corporate news, Debenhams stole the limelight after surprising City analysts with a 3.7% rise in underlying sales for the 10 weeks to September 1.
The department store chain has benefited from a 40% jump in online sales, although with most analysts leaving their profits forecasts unchanged for the timebeing the shares were flat at 99.2p.
JD Sports Fashion was 3.5p lower at 728p after it reported a big fall in half-year profits due to the impact of struggling Blacks Leisure, which it acquired in January. JD expects Blacks to break even in the second half, while its core sports brands have continued to post robust trading.
- JJB Sports on brink of administration
- French firms buys Hamleys for £60m
- Germans don't love the euro