FTSE 100 loses ground in afternoon

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FTSE 100 Index

Last Updated at 19 Sep 2017, 07:14 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7244.41 -

Top winner and loser

Sainsbury (J)

240.70 p +

Coca-Cola HBC AG (CDI)

2538.00 p -
value change %

FTSE 250 Index

19470.08 +

FTSE 350 Index

4028.25 -

FTSE All Share Index

3978.90 -

FTSE Techmark Index

4501.56 +

(Close): London's leading shares took a downward turn in Wednesday afternoon trading after spending the morning in positive territory.

At the close, the FTSE 100 index was down 29.43 points at 6,500.04.

Ashtead Group was the biggest riser on the index, climbing 9.1% after the equipment hire firm raised its full-year profits guidance.

Ashtead's half-year profits rose by a third to £266m, and it said full-year results would be above forecasts.

BG Group rose at first but then fell back to stand 0.4% lower after it announced it had sold an Australian pipeline network for $5bn (£3.2bn).

After falling 6.6% on Tuesday following a profit warning, Tesco shares steadied, edging up 0.5% to 175.70p.

In the FTSE 250, shares in Stagecoach fell nearly 7% after the transport group said it had lowered its expectations of operating profits from its regional UK bus and US operations.

However, Stagecoach added that this should be offset by the share of profit it expects from Virgin Rail Group.

Shares in home shopping group N Brown jumped 7% after the company said sales had risen in October and November after a fall in September.

Serco shares were up 0.4% after the outsourcing group said it had signed a new five-year contract to continue providing services to the Australian immigration services.

On the currency markets, the pound rose 0.2% against the dollar to $1.5699 and fell 0.2% against the euro to €1.2631.