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FTSE 100 continues downward slide



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FTSE 100 Index

Last Updated at 22 Nov 2017, 16:21 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7419.02 +
+7.68
+
+0.10

Top winner and loser

Kingfisher

322.60 p +
+14.10
+
+4.57

Barratt Developments

610.00 p -
-23.50
-
-3.71
value change %

FTSE 250 Index

20013.86 +
+69.88
+
+0.35

FTSE 350 Index

4127.98 +
+6.01
+
+0.15

FTSE All Share Index

4076.76 +
+6.31
+
+0.16

FTSE Techmark Index

4608.74 +
+28.88
+
+0.63

(Close): Shares on London's main index closed lower for a third consecutive day on Tuesday as concerns about a sliding oil price and the eurozone crisis continued.

The FTSE 100 ended the day down 0.79%, or 50.65 points, at 6366.51.

Shares in the construction equipment group Ashtead Group were the biggest fallers by a long margin, sliding more than 6%.

That follows a broker downgrade for its US rival United Rentals overnight.

United Rentals also saw its stock fall sharply.

The price of oil sank to a fresh five-and-a-half year low, sending oil stocks lower again. The price of Brent crude fell 3.8% to $51.11.

"With the new year has come the same old problems for global financial markets, with the supply glut and weaker demand for oil causing tumbling prices," said James Hughes, chief market analyst at Alpari UK.

"Europe is the other major talking point in global markets yet again this week and it feels like we have moved full circle on the eurozone crisis as markets are yet again dominated by a potential exit from the euro area by Greece," he continued.

On the currency markets, the pound fell 0.44% against the dollar to $1.5183, extending its losses after an economic survey showed that growth in the UK services sector lost momentum at the end of last year.

Against the euro the pound fell 0.47%, with £1 buying €1.2717.