London Market Report

Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

FTSE 100 Index

Last Updated at 22 Mar 2018, 09:03 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7024.04 -

Top winner and loser

Reckitt Benckiser Group

5980.00 p +

Micro Focus International

921.20 p -
value change %

FTSE 250 Index

19659.94 -

FTSE 350 Index

3933.09 -

FTSE All Share Index

3888.50 -

FTSE Techmark Index

4225.25 -

(Close): The FTSE 100 ended the day lower, after being dragged down by shares in Tesco, after the supermarket giant posted it's largest quarterly drop in UK sales for 40 years.

The supermarket giant's weak first quarter trading update meant its shares closed 1.34% lower.

Tesco reported a 3.7% fall in like-for-like UK sales, which it admitted was its worst performance for decades.

The benchmark FTSE 100 index was closed down 17.67%, or 0.3%, at 6,818.63.

Tesco rival Sainsbury's, also saw its shares fall. They were down by 1.9% by the close.

Shares that went ex-dividend knock more than five points off the FTSE 100.

Among those going ex-dividend were National Grid and the advertising giant WPP. National Grid shares fell 5.3% and WPP dropped 2.1%.

Sports Direct had a better time of it on the market. The retailer's shares rose 3.6% after a target price for the stock was raised by Exane BNP.

The medical devices manufacturer Smith & Nephew did well, after a research note from JP Morgan said that speculation about a possible bid for it could provide support for its shares in the near future.

The speculation that a bid from Smith & Nephew's rival Stryker could be forthcoming meant S&N shares rose 3.3%.

On the currency markets, the pound slipped 0.02% against the dollar to $1.6740 but edged up 0.07% against the euro to 1.2299 euros.